COMPANY ANNOUNCEMENT N0 34/2011-   19 SEPTEMBER 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             225,215               330.49         74,431,989.41
 announcement                                                                   
--------------------------------------------------------------------------------
September 12, 2011              2,199               255.13            561,035.93
--------------------------------------------------------------------------------
September 13, 2011              5,103               257.08          1,311,880.26
--------------------------------------------------------------------------------
September 14, 2011              2,500               258.96            647,405.00
--------------------------------------------------------------------------------
September 15, 2011              3,041               268.77            817,322.58
--------------------------------------------------------------------------------
September 16, 2011              3,681               271.14            998,064.87
--------------------------------------------------------------------------------
Accumulated under the         241,739               325.83         78,767,698.05
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 348,413
shares, corresponding to 3.1% 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