Company announcement n0 23/2012– 7 May 2012 On 1 May 2012, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 20/2012 of 30 April 2012. The programme was 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 1 May 2012 to 13 November 2012. The total share buy-back in the period will not exceed a market price of DKK 125 million. The following transactions have been made under the programme: Number Average purchase Transaction value, of price DKK shares -------------------------------------------------------------------------------- Accumulated, last 0 0 0 announcement -------------------------------------------------------------------------------- May 1, 2012 1,814 390.97 709,219.58 -------------------------------------------------------------------------------- May 2, 2012 2,811 394.33 1,108,453.48 -------------------------------------------------------------------------------- May 3, 2012 2,500 395.00 987,500.00 -------------------------------------------------------------------------------- Accumulated under the 7,125 393.71 2,805,173.06 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 28,390 shares, corresponding to 0.3% of the share capital. The total amount of shares in the company is 10,570,000, 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