COMPANY ANNOUNCEMENT N0 05/2012–   23 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              52,411               309.28         16,209,545.98
 announcement                                                                   
--------------------------------------------------------------------------------
January 16, 2012                1,000               336.50            336,500.00
--------------------------------------------------------------------------------
January 17, 2012                1,267               342.88            434,428.96
--------------------------------------------------------------------------------
January 18, 2012                1,274               341.70            435,325.80
--------------------------------------------------------------------------------
January 19, 2012                2,526               340.81            860,890.61
--------------------------------------------------------------------------------
January 20, 2012                3,900               339.21          1,322,919.00
--------------------------------------------------------------------------------
Accumulated under the          62,378               314.21         19,599,610.35
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 521,426
shares, corresponding to 4.7 % 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





Lars Jensen

CFO