Company announcement No 12/2015 –   4 May 2015





On 30 April 2013, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 20/2013 of 30 April 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 11 March 2015 to 1 March 2016. The total share buy-back in the
period will not exceed a market price of DKK 350 million. 


The following transactions have been made under the programme:





                              Number    Average purchase     Transaction value, 
                                of            price                  DKK        
                              shares                                            
--------------------------------------------------------------------------------
Accumulated, last              38,166             1,202.13         45,880,757.25
 announcement                                                                   
--------------------------------------------------------------------------------
27 April 2015                     852             1,273.41          1,084,946.00
--------------------------------------------------------------------------------
28 April 2015                     760             1,284.75            976,409.01
--------------------------------------------------------------------------------
29 April 2015                   1,845             1,254.91           2,315,306.0
--------------------------------------------------------------------------------
30 April 2015                     564             1,251.53            705,865.01
--------------------------------------------------------------------------------
Accumulated under the          42,187             1,208.03         50,963,283.27
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above, Royal Unibrew owns a total of 102,187
shares, corresponding to 0.9% of the share capital. The total amount of shares
in the company is 11,098,500, 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