COMPANY ANNOUNCEMENT N0 35/2011 -   26 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             241,739               325.83         78,767,698.05
 announcement                                                                   
--------------------------------------------------------------------------------
September 19, 2011              2,608               272.07            709,560.91
--------------------------------------------------------------------------------
September 20, 2011              5,974               274.51          1,639,897.05
--------------------------------------------------------------------------------
September 21, 2011              6,400               279.18          1,786,722.56
--------------------------------------------------------------------------------
September 22, 2011              5,400               271.74          1,467,386.82
--------------------------------------------------------------------------------
September 23, 2011              4,943               266.79          1,318,757.30
--------------------------------------------------------------------------------
Accumulated under the         267,064               320.85         85,690,022.69
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 373,738
shares, corresponding to 3.3% 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