Company announcement No 45/2015 – 26 October 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 863,951 235.68 203,612,412.63 announcement -------------------------------------------------------------------------------- 19 October 2015 1,723 248.94 428,930.68 -------------------------------------------------------------------------------- 20 October 2015 6,000 253.92 1,523,543.40 -------------------------------------------------------------------------------- 21 October 2015 6,000 255.63 1,533,796.20 -------------------------------------------------------------------------------- 22 October 2015 5,498 254.89 1,401,366.53 -------------------------------------------------------------------------------- 23 October 2015 10,769 258.75 2,786,475.52 -------------------------------------------------------------------------------- Accumulated under the 893,941 236.35 211,286,524.96 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,193,941 shares, corresponding to 2.2% 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