COMPANY ANNOUNCEMENT N0 24/2011 -   25 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             120,901               352.26         42,588,603.31
 announcement                                                                   
--------------------------------------------------------------------------------
July 18, 2011                   2,400               340.58            817,392.00
--------------------------------------------------------------------------------
July 19, 2011                     425               341.97            145,337.25
--------------------------------------------------------------------------------
July 20, 2011                       -                    -                     -
--------------------------------------------------------------------------------
July 21, 2011                   2,562               348.90            893,881.80
--------------------------------------------------------------------------------
July 22, 2011                     702               351.14            246,500.28
--------------------------------------------------------------------------------
Accumulated under the         126,990               351.93         44,691,714.64
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 223,664
shares, corresponding to 2.1% 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