Company announcement no 04/2012–   16 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              43,693               303.25         13,250,084.19
 announcement                                                                   
--------------------------------------------------------------------------------
January 9, 2012                 2,530               339.94            860,048.20
--------------------------------------------------------------------------------
January 10, 2012                2,731               341.60            932,909.60
--------------------------------------------------------------------------------
January 11, 2012                    0                                       0.00
--------------------------------------------------------------------------------
January 12, 2012                1,600               338.47            541,552.00
--------------------------------------------------------------------------------
January 13, 2012                1,857               336.54            624,951.99
--------------------------------------------------------------------------------
Accumulated under the          52,411               309.28         16,209,545.98
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 511,459
shares, corresponding to 4.6 % 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





Lars Jensen

CFO