Company announcement No 45/2013 –   23 september 2013





On 16 September 2013, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 44/2013 of 16 September 2013. 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 17 September 2013 to 20 November 2013. The maximum total share
buy-back in the period will represent 21,988 shares (a nominal value of DKK 0.2
million) corresponding to 0.2% of the share capital. 



The following transactions have been made under the programme:





                              Number    Average purchase     Transaction value, 
                                of            price                  DKK        
                              shares                                            
--------------------------------------------------------------------------------
Accumulated, last                   0                 0.00                  0.00
 announcement                                                                   
--------------------------------------------------------------------------------
17 September 2013               1,000               655.13            655,128.00
--------------------------------------------------------------------------------
18 September 2013                 700               660.25            462,177.10
--------------------------------------------------------------------------------
19 September 2013                 650               669.70            435,301.75
--------------------------------------------------------------------------------
20 September 2013               1,000               662.15            662,146.00
--------------------------------------------------------------------------------
Accumulated under the           3,350               661.12          2,214,752.85
 programme                                                                      
--------------------------------------------------------------------------------



Following the transactions stated above, Royal Unibrew owns a total of 41,362
shares, corresponding to 0.4% of the Company’s share capital. The Company has a
total number of 11,098,500 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