COMPANY ANNOUNCEMENT NO 22/2011-   11 JULY 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             106,217               353.55         37,552,968.31
 announcement                                                                   
--------------------------------------------------------------------------------
July 4, 2011                      462               342.00            158,004.00
--------------------------------------------------------------------------------
July 5, 2011                        -                    -                     -
--------------------------------------------------------------------------------
July 6, 2011                      102               347.50             35,445.00
--------------------------------------------------------------------------------
July 7, 2011                    2,685               346.21            929,574.92
--------------------------------------------------------------------------------
July 8, 2011                    1,650               347.09            572,698.50
--------------------------------------------------------------------------------
Accumulated under the         111,116               353.22         39,248,690.73
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 217,790
shares, corresponding to 1.9% 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