COMPANY ANNOUNCEMENT NO. 20/2011 - 27 JUNE 2011













On 29 April 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 22 December 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              83,086               358.66         29,799,617.97
 announcement                                                                   
--------------------------------------------------------------------------------
June 20, 2011                   4,097               331.70          1,358,974.90
--------------------------------------------------------------------------------
June 21, 2011                   2,116               341.73            723,105.97
--------------------------------------------------------------------------------
June 22, 2011                   3,789               338.04          1,280,848.34
--------------------------------------------------------------------------------
June 23, 2011                   3,099               329.33          1,020,593.67
--------------------------------------------------------------------------------
June 24, 2011                     500               329.00            164,500.00
--------------------------------------------------------------------------------
Accumulated under the          96,687               355.25         34,347,640.85
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 203,361
shares, corresponding to 1.8% 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