COMPANY ANNOUNCEMENT N0 37/2011-   10 OCTOBER 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             287,344               317.97         91,368,909.89
 announcement                                                                   
--------------------------------------------------------------------------------
October 3, 2011                 3,600               277.97          1,000,692.00
--------------------------------------------------------------------------------
October 4, 2011                 3,650               266.75            973,637.50
--------------------------------------------------------------------------------
October 5, 2011                 2,739               270.62            741,228.18
--------------------------------------------------------------------------------
October 6, 2011                 3,500               278.00            973,000.00
--------------------------------------------------------------------------------
October 7, 2011                 3,500               280.87            983,045.00
--------------------------------------------------------------------------------
Accumulated under the         304,333               315.57         96,040,512.57
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 411,007
shares, corresponding to 3.7% 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