Company announcement No 13/2016– 21 March 2016 On 2 March 2016, Royal Unibrew initiated a share buy-back programme, cf. company announcement no. 10/2016 of 1 March 2016. The programme is 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 2 March 2016 to 28 February 2017. The total share buy-back in the period will not exceed a market price of DKK 450 million. The following transactions have been made under the programme: Number Average purchase Transaction value, of price DKK shares -------------------------------------------------------------------------------- Accumulated, last 48,829 293.68 14,340,316.18 announcement -------------------------------------------------------------------------------- 14 March 2016 4,530 297.77 1,348,918.03 -------------------------------------------------------------------------------- 15 March 2016 4,290 300.31 1,288,309.31 -------------------------------------------------------------------------------- 16 March 2016 782 300.35 234,873.07 -------------------------------------------------------------------------------- 17 March 2016 4,291 301.92 1,295,522.84 -------------------------------------------------------------------------------- 18 March 2016 8,107 301.95 2,447,892.44 -------------------------------------------------------------------------------- Accumulated under the 70,829 295.87 20,955,831.87 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,791,439 shares, corresponding to 3.2 % 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