Royal UNIBREW

Transaction in Own Shares • Apr 29, 2019

COMPANY ANNOUNCEMENT NO 19/2019 – 29 APRIL 2019

On 6 March 2019, Royal Unibrew initiated a share buy-back program, cf. company announcement no. 9/2019 of 6 March 2019. The program 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 program is expected to be realised in the period from 7 March 2019 to 31 October 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 program:

	Number of Shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	166,520	488.10	81,310,432.45
23 April 2019	500	483.50	241,750.00
24 April 2019	5,000	487.81	2,439,042.00
25 April 2019	20,000	479.98	9,599,522.00
26 April 2019	2,000	477.25	954,500.00
Accumulated under the program	194,020	487.30	94,545,246.45

With the transactions stated above Royal Unibrew owns a total of 1,187,529 shares, corresponding to 2.3% 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 English version shall prevail.