Company announcement No 18/2016– 18 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 135,376 301.12 40,764,020.46 announcement -------------------------------------------------------------------------------- 11 April 2016 8,518 302.37 2,575,605.55 -------------------------------------------------------------------------------- 12 April 2016 4,691 299.59 1,405,397.80 -------------------------------------------------------------------------------- 13 April 2016 13,002 297.46 3,867,519.01 -------------------------------------------------------------------------------- 14 April 2016 5,655 298.61 1,688,660.47 -------------------------------------------------------------------------------- 15 April 2016 8,134 298.14 2,425,038.22 -------------------------------------------------------------------------------- Accumulated under the 175,376 300.65 52,726,241.51 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,879,717 shares, corresponding to 3.4% 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