Company announcement No 36/2012– 23 July 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 121,011 383.21 46,372,933.37 announcement -------------------------------------------------------------------------------- July 16, 2012 2,610 388.19 1,013,175.90 -------------------------------------------------------------------------------- July 17, 2012 940 386.98 363,761.20 -------------------------------------------------------------------------------- July 18, 2012 2,583 387.98 1,002,152.34 -------------------------------------------------------------------------------- July 19, 2012 500 389.50 194,750.00 -------------------------------------------------------------------------------- July 20, 2012 3,035 387.55 1,176,214.25 -------------------------------------------------------------------------------- Accumulated under the 130,679 383.56 50,122,987.06 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 151,944 shares, corresponding to 1.4% of the share capital. The total amount of shares in the company is 10,570,000 shares, 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