Company announcement No 37/2015 – 31 August 2015 On 11 March 2015, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 2/2015 of 10 March 2015. 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 660,928 236.70 156,443,843.32 announcement -------------------------------------------------------------------------------- 24 August 2015 8,278 216.86 1,795,148.04 -------------------------------------------------------------------------------- 25 August 2015 4,567 223.95 1,022,797.92 -------------------------------------------------------------------------------- 26 August 2015 3,000 222.34 667,031.70 -------------------------------------------------------------------------------- 27 August 2015 9,139 227.44 2,078,570.50 -------------------------------------------------------------------------------- 28 August 2015 5,446 224.01 1,219,985.15 -------------------------------------------------------------------------------- Accumulated under the 691,358 236.09 163,227,376.63 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 991,358 shares, corresponding to 1.8% of the share capital. The total amount of shares in the company is 55,492,500, 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