Royal UNIBREW

Transaction in Own Shares • Sep 19, 2011

COMPANY ANNOUNCEMENT N0 34/2011- 19 SEPTEMBER 2011

On 29 April 2011, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 7/2011 of 28 April 2011. The programme was 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 29
April 2011 to 31 October 2011. The total share buy-back in the period will not
exceed a market price of DKK 110 million.

The following transactions have been made under the programme:

                          Number    Average purchase     Transaction value, 
                            of            price                  DKK        
                          shares

Accumulated, last 225,215 330.49 74,431,989.41
announcement

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September 12, 2011 2,199 255.13 561,035.93

September 13, 2011 5,103 257.08 1,311,880.26

September 14, 2011 2,500 258.96 647,405.00

September 15, 2011 3,041 268.77 817,322.58

September 16, 2011 3,681 271.14 998,064.87

Accumulated under the 241,739 325.83 78,767,698.05
programme

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With the transactions stated above, Royal Unibrew owns a total of 348,413
shares, corresponding to 3.1% 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

Peter Ryttergaard

CFO