Company announcement No 19/2016– 25 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 175,376 300.65 52,726,241.51 announcement -------------------------------------------------------------------------------- 18 April 2016 9,000 297.88 2,680,893.00 -------------------------------------------------------------------------------- 19 April 2016 6,785 298.11 2,022,672.96 -------------------------------------------------------------------------------- 20 April 2016 10,080 294.89 2,972,508.34 -------------------------------------------------------------------------------- 21 April 2016 3,460 292.71 1,012,766.91 -------------------------------------------------------------------------------- Accumulated under the 204,701 300.02 61,415,082.72 programme -------------------------------------------------------------------------------- With the transactions stated above, Royal Unibrew owns a total of 1,909,042 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