Company announcement No 55/2015 – 21 December 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 of Average purchase Transaction value, shares price DKK -------------------------------------------------------------------------------- Accumulated, last 1,142,264 244.21 278,957,923.72 announcement -------------------------------------------------------------------------------- 14 December 2015 4,005 267.51 1,071,384.36 -------------------------------------------------------------------------------- 15 December 2015 3,965 263.91 1,046,411.08 -------------------------------------------------------------------------------- 16 December 2015 4,384 273.97 1,201,068.26 -------------------------------------------------------------------------------- 17 December 2015 9,611 275.65 2,649,225.06 -------------------------------------------------------------------------------- 18 December 2015 2,772 273.41 757,895.29 -------------------------------------------------------------------------------- Accumulated under the 1,167,001 244.80 285,683,907.77 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,467,001 shares, corresponding to 2.6% 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