Company announcement No 17/2016– 11 April 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 104,015 299.75 31,179,001.84 announcement -------------------------------------------------------------------------------- 4 April 2016 8,000 311.04 2,488,313.60 -------------------------------------------------------------------------------- 5 April 2016 5,484 306.67 1,681,790.34 -------------------------------------------------------------------------------- 6 April 2016 8,620 303.00 2,611,831.55 -------------------------------------------------------------------------------- 7 April 2016 6,756 302.90 2,046,411.32 -------------------------------------------------------------------------------- 8 April 2016 2,501 302.55 756,671.80 -------------------------------------------------------------------------------- Accumulated under the 135,376 301.12 40,764,020.46 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,839,717 shares, corresponding to 3.3% 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