Company announcement n0 12/2011 -   16 may 2011















On April 29, 2011, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 7/2011 of 28 April 2011. The programme was implemented
in accordance with the provisions of European Commission Regulation no.
2273/2003 of December 22 2003, also referred to as the Safe Harbour Regulation.
The share buy-back programme is expected to be realised in the period from 29
April 2011 to 31 October 2011. The total share buy-back in the period will not
exceed a market price of DKK 110 million. 


The following transactions have been made under the programme:





                              Number    Average purchase     Transaction value, 
                                of            price                  DKK        
                              shares                                            
Accumulated, last              11,408               365.66          4,171,415.59
 announcement                                                                   
--------------------------------------------------------------------------------
May 9, 2011                       752               369.97            278,217.44
--------------------------------------------------------------------------------
May 10, 2011                    2,922               374.04          1,092,936.99
--------------------------------------------------------------------------------
May 11, 2011                    2,500               362.16            905,391.00
--------------------------------------------------------------------------------
May 12, 2011                    1,740               363.80            633,010.09
--------------------------------------------------------------------------------
May 13, 2011                    4,879               368.90          1,799,871.88
--------------------------------------------------------------------------------
Accumulated under the          24,201               366.96          8,880,842.99
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 130,875
shares, corresponding to 1.2% of the share capital. The total amount of shares
in the company is 11,186,498, including treasury shares. 



Please direct any queries to me at tel. +45 56 77 15 05.





Yours sincerely

Royal Unibrew A/S





Peter Ryttergaard

CFO