Royal UNIBREW

Transaction in Own Shares • Oct 26, 2020

COMPANY ANNOUNCEMENT NO 33/2020 – 26 OCTOBER 2020

On 25 September 2020, Royal Unibrew initiated a share buy-back program, cf. company announcement no. 29/2020 of 25 September 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 25 September 2020 to 30 December 2020. 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	129,320	656.18	84,856,744.90
19 October 2020	11,933	650.18	7,758,613.45
20 October 2020	14,960	652.55	9,762,136.03
21 October 2020	18,000	641.27	11,542,834.80
22 October 2020	14,877	632.95	9,416,391.20
23 October 2020	7,981	645.11	5,148,654.04
Accumulated under the program	197,071	651.98	128,485,374.42

With the transactions stated above Royal Unibrew owns a total of 372.774 shares, corresponding to 0.8% 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.