Company announcement n0 01/2012 –   2 JANUARY 2012









On 1 December 2011, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 41/2011 of 30 November 2011. The programme will be
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 01 December 2011 to 27 April 2012. The total share buy-back in the
period will not exceed a market price of DKK 60 million. 


The following transactions have been made under the programme:



                              Number    Average purchase      Transaction value,
                                of            price                          DKK
                              shares                                            
--------------------------------------------------------------------------------
Accumulated, last              37,448               300.50         11,252,994.01
 announcement                                                                   
--------------------------------------------------------------------------------
December 27, 2011                 743               314.07            233,354.01
--------------------------------------------------------------------------------
December 28, 2011               1,641               315.12            517,111.92
--------------------------------------------------------------------------------
December 29, 2011                   0                                       0.00
--------------------------------------------------------------------------------
December 30, 2011               1,940               321.71            624,117.40
--------------------------------------------------------------------------------
Accumulated under the          41,772               302.30         12,627,577.34
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 500,820
shares, corresponding to 4.5 % 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





Lars Jensen

CFO