Royal UNIBREW

Transaction in Own Shares • Dec 28, 2020

COMPANY ANNOUNCEMENT NO 45/2020 – 28 DECEMBER 2020

On 17 November 2020, Royal Unibrew initiated a share buy-back program, cf. company announcement no. 38/2020 of 17 November 2020. 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 realized in the period from 18 November 2020 to 29 January 2021. The total share buy-back in the period will not exceed a market price of DKK 200 million.

The following transactions have been made under the program:

	Number of Shares	Average purchase price	Transaction value, DKK
Accumulated, last announcement	146,747	667.09	97,893,510.88
21 December 2020	5,000	669.13	3,345,660.50
22 December 2020	6,810	675.65	4,601,185.35
23 December 2020	4,903	683.25	3,349,953.18
Accumulated under the program	163,460	667.99	109,190,309.91

With the transactions stated above Royal Unibrew owns a total of 645,955 shares, corresponding to 1.3% of the share capital. The total amount of shares in the company is 49,350,000, including treasury shares.

For further information on this Announcement: CFO Lars Vestergaard, tel (+45) 30 93 18 08 www.royalunibrew.com

Encl.

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