Company announcement No 1/2016 – 4 January 2016 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 1,187.496 245.22 291,194,690.28 announcement -------------------------------------------------------------------------------- 21 December 2015 1,356 271.40 368,021.66 -------------------------------------------------------------------------------- 22 December 2015 2,266 275.23 623,667.78 -------------------------------------------------------------------------------- 23 December 2015 1,000 276.79 276,785.70 -------------------------------------------------------------------------------- 24 December 2015 0 0 0 -------------------------------------------------------------------------------- 25 December 2015 0 0 0 -------------------------------------------------------------------------------- Accumulated under the 1,192,118 245.33 292,463,165.42 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,492,118 shares, corresponding to 2.7% 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