Company announcement No 3/2016– 18 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 1,220,914 245.89 300,213,909.77 announcement -------------------------------------------------------------------------------- 11 January 2016 5,119 263.72 1,349,972.44 -------------------------------------------------------------------------------- 12 January 2016 3,000 270.39 11,176.60 -------------------------------------------------------------------------------- 13 January 2016 4,801 275.21 1,321,298.09 -------------------------------------------------------------------------------- 14 January 2016 14,025 265.08 3,717,782.06 -------------------------------------------------------------------------------- 15 January 2016 8,055 259.87 2,093,258,49 -------------------------------------------------------------------------------- Accumulated under the 1,255,914 246.44 309,507,397.46 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,555,914 shares, corresponding to 2.8% 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