Royal UNIBREW

Transaction in Own Shares • Jan 16, 2012

Company announcement no 04/2012– 16 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 43,693 303.25 13,250,084.19
announcement

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January 9, 2012 2,530 339.94 860,048.20

January 10, 2012 2,731 341.60 932,909.60

January 11, 2012 0 0.00

January 12, 2012 1,600 338.47 541,552.00

January 13, 2012 1,857 336.54 624,951.99

Accumulated under the 52,411 309.28 16,209,545.98
programme

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With the transactions stated above, Royal Unibrew owns a total of 511,459
shares, corresponding to 4.6 % 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