Royal UNIBREW

Transaction in Own Shares • Jul 25, 2011

COMPANY ANNOUNCEMENT N0 24/2011 - 25 JULY 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 120,901 352.26 42,588,603.31
announcement

---

July 18, 2011 2,400 340.58 817,392.00

July 19, 2011 425 341.97 145,337.25

July 20, 2011 - - -

July 21, 2011 2,562 348.90 893,881.80

July 22, 2011 702 351.14 246,500.28

Accumulated under the 126,990 351.93 44,691,714.64
programme

---

With the transactions stated above, Royal Unibrew owns a total of 223,664
shares, corresponding to 2.1% 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