Company announcement No 36/2016– 27 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 442,647 295.98 131,016,021.19 announcement -------------------------------------------------------------------------------- 20 June 2016 9,133 285.48 2,607,311.67 -------------------------------------------------------------------------------- 21 June 2016 8,000 284.64 2,277,083.20 -------------------------------------------------------------------------------- 22 June 2016 8,000 285.49 2,283,945.60 -------------------------------------------------------------------------------- 23 June 2016 8,000 287.12 2,296,940.80 -------------------------------------------------------------------------------- 24 June 2016 9,178 278.23 2,553,605.04 -------------------------------------------------------------------------------- Accumulated under the 484,958 294.94 143,034,907.50 programme -------------------------------------------------------------------------------- With the transactions stated above Royal Unibrew owns a total of 796,799 shares, corresponding to 1.5% 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