COMPANY ANNOUNCEMENT NO 28/2011-   22 AUGUST 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             167,121               347.39         58,057,607.32
 announcement                                                                   
--------------------------------------------------------------------------------
August 15, 2011                     -                    -                     -
--------------------------------------------------------------------------------
August 16, 2011                 4,440               326.51          1,449,704.40
--------------------------------------------------------------------------------
August 17, 2011                 6,983               318.71          2,225,551.93
--------------------------------------------------------------------------------
August 18, 2011                 2,667               306.53            817,515.51
--------------------------------------------------------------------------------
August 19, 2011                 2,960               292.10            864,616.00
--------------------------------------------------------------------------------
Accumulated under the         184,171               344.32         63,414,995.16
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 290,845
shares, corresponding to 2.6% 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