Company Announcement No 38/2012–   6 August 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             134,943               383.53         51,754,483.99
 announcement                                                                   
--------------------------------------------------------------------------------
July 30, 2012                   2,889               387.90          1,120,643.10
--------------------------------------------------------------------------------
July 31, 2012                   2,925               381.38          1,115,536.50
--------------------------------------------------------------------------------
August 1, 2012                  1,549               377.76            585,150.24
--------------------------------------------------------------------------------
August 2, 2012                  2,500               375.08            937,700.00
--------------------------------------------------------------------------------
August 3, 2012                  1,500               367.49            551,235.00
--------------------------------------------------------------------------------
Accumulated under the         146,306               383.20         56,064,748.83
 programme                                                                      
--------------------------------------------------------------------------------


With the transactions stated above, Royal Unibrew owns a total of 167,571
shares, corresponding to 1.6% 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