Company announcement No 10/2012–   20 February 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             110,671               320.09         35,424,753.86
 announcement                                                                   
--------------------------------------------------------------------------------
February 13, 2012               2,615               337.01            881,281.15
--------------------------------------------------------------------------------
February 14, 2012                 545               338.59            184,531.55
--------------------------------------------------------------------------------
February 15, 2012               2,019               339.48            685,410.12
--------------------------------------------------------------------------------
February 16, 2012               3,500               338.16          1,183,560.00
--------------------------------------------------------------------------------
February 17, 2012               1,361               339.90            462,603.90
--------------------------------------------------------------------------------
Accumulated under the         120,711               321.61         38,822,140.58
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 579,759
shares, corresponding to 5.2% 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