Royal UNIBREW

Transaction in Own Shares • Jan 23, 2012

COMPANY ANNOUNCEMENT N0 05/2012– 23 JANUARY 2012

On 1 December 2011, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 41/2011 of 30 November 2011. The programme will be
implemented in accordance with the provisions of European Commission Regulation
no. 2273/2003 of 22 December 2003, also referred to as the Safe Harbour
Regulation. The share buy-back programme is expected to be realised in the
period from 01 December 2011 to 27 April 2012. The total share buy-back in the
period will not exceed a market price of DKK 60 million.

The following transactions have been made under the programme:

                          Number    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

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Accumulated, last 52,411 309.28 16,209,545.98
announcement

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January 16, 2012 1,000 336.50 336,500.00

January 17, 2012 1,267 342.88 434,428.96

January 18, 2012 1,274 341.70 435,325.80

January 19, 2012 2,526 340.81 860,890.61

January 20, 2012 3,900 339.21 1,322,919.00

Accumulated under the 62,378 314.21 19,599,610.35
programme

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With the transactions stated above, Royal Unibrew owns a total of 521,426
shares, corresponding to 4.7 % of the share capital. The total amount of shares
in the company is 11,186,498, including treasury shares.

Please direct any queries to me at tel. +45 56 77 15 05.

Yours sincerely

Royal Unibrew A/S

Lars Jensen

CFO