Company announcement No 35/2016– 20 June 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 397,986 297.43 118,373,787.66 announcement -------------------------------------------------------------------------------- 13 June 2016 3,819 288.85 1,103,125.79 -------------------------------------------------------------------------------- 14 June 2016 6,396 284.58 1,820,173.04 -------------------------------------------------------------------------------- 15 June 2016 12,708 285.46 3,627,659.99 -------------------------------------------------------------------------------- 16 June 2016 10,683 280.58 2,997,385.93 -------------------------------------------------------------------------------- 17 June 2016 11,055 279.86 3,093,888.78 -------------------------------------------------------------------------------- Accumulated under the 442,647 295.98 131,016,021.19 programme -------------------------------------------------------------------------------- With the transactions stated above Royal Unibrew owns a total of 743,422 shares, corresponding to 1.4% of the share capital. The total amount of shares in the company is 54,100,000, 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