Royal UNIBREW

Share Issue/Capital Change • Jun 3, 2019

COMPANY ANNOUNCEMENT NO. 25/2019 – 3 JUNI 2018

At Royal Unibrew A/S' Annual General Meeting on 25 April 2019 a resolution was adopted, following a proposal by the Board of Directors, to reduce the Company's share capital by a nominal amount of DKK 1,800,000 from nominally DKK 102,000,000 to DKK 100,200,000 by cancelling 900,000 treasury shares of a nominal value of DKK 2 each.

The capital reduction has been implemented and registered with the Danish Business Authority today. After the reduction the Company's share capital is nominally DKK 100,200,000 divided into shares of DKK 2.

The revised Articles of Association can be found on the Company's website www.royalunibrew.com under Investor, Corporate Governance.

The reduction of the share capital will not affect Royal Unibrew A/S' share buy-back program which will continue as previously announced, cf. Company Announcement No. 9/2019 of 6 March 2019.

After the cancellation of treasury shares, the Company's holding of treasury shares represents 434,386 shares, corresponding to 0.9%.

For further information on this Announcement: Lars Jensen, CFO, tel (+45) 29 23 00 44 www.royalunibrew.com

The Announcement has been prepared in Danish and English. In case of discrepancy, the English version shall prevail.