Company announcement No 4/2013 –   21 January 2013









On 1 May 2012, Royal Unibrew initiated a share buy-back programme, cf. company
announcement no. 20/2012 of 30 April 2012. Cf. company announcement no. 42/2012
of 28 August 2012 the existing share buy-back programme has been increased and
extended. 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 25 April 2013. The total share
buy-back in the period will not exceed a market price of DKK 210 million. 


The following transactions have been made under the programme:





                              Number    Average purchase     Transaction value, 
                                of            price                  DKK        
                              shares                                            
--------------------------------------------------------------------------------
Accumulated, last             371,692               422.57        157,066,846.91
 announcement                                                                   
--------------------------------------------------------------------------------
January 14, 2013                1,584               500.02            792,031.84
--------------------------------------------------------------------------------
January 15, 2013                2,000               502.00          1,004,000.00
--------------------------------------------------------------------------------
January 16, 2013                1,347               505.78            681,291.05
--------------------------------------------------------------------------------
January 17, 2013                  347               511.00            177,317.00
--------------------------------------------------------------------------------
January 18, 2013                1,010               516.43            521,592.99
--------------------------------------------------------------------------------
Accumulated under the         377,980               423.95        160,243,079.79
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above, Royal Unibrew owns a total of 392,110
shares, corresponding to 3.7% 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