Royal UNIBREW

Transaction in Own Shares • Oct 1, 2018

COMPANY ANNOUNCEMENT NO 57/2018 – 1 OCTOBER 2018

On 6 March 2018, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 15/2018 of 6 March 2018. The programme is carried out under Art. 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation - MAR) and the resulting delegated legislation. The share buy-back programme is expected to be realised in the period from 7 March 2018 to 22 February 2019. The total share buy-back in the period will not exceed a market price of DKK 400 million.

The following transactions have been made under the programme:

	Number of Shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	688,956	456.01	314,174,050.76
24 September 2018	2,179	534.85	1,165,429.43
25 September 2018	0		0.00
26 September 2018	2,821	534.69	1,508,352.59
27 September 2018	0		0.00
28 September 2018	3,005	529.77	1,591,950.14
Accumulated under the programme	696,961	456.90	318,439,782.92

With the transactions stated above Royal Unibrew owns a total of 822,908 shares, corresponding to 1.6 % of the share capital. The total amount of shares in the company is 51,000,000, including treasury shares.

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

Encl.

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