Company announcement No 16/2012–   19 March 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             151,356               326.34         49,392,985.73
 announcement                                                                   
--------------------------------------------------------------------------------
March 12, 2012                  1,957               390.48            764,176.99
--------------------------------------------------------------------------------
March 13, 2012                  1,000               395.50            395,500.00
--------------------------------------------------------------------------------
March 14,  2012                 3,809               399.11          1,520,219.89
--------------------------------------------------------------------------------
March 15, 2012                  3,755               391.26          1,469,180.92
--------------------------------------------------------------------------------
March 16, 2012                  1,019               392.72            400,183.51
--------------------------------------------------------------------------------
Accumulated under the         162,896               331.15         53,942,247.06
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 621,944
shares, corresponding to 5.6% 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