Company announcement nO 43/2016 –  1 AUGUST 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 carried out
on the same terms, but from 3 July 2016 under Art. 5 of Regulation (EU) No
596/2014 of the European Parliament and of the Council of 16 April 2014 on
market abuse (the Market Abuse Regulation - MAR) and delegated legislation
under MAR. 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             588,096               294.24        173,040,078.15
 announcement                                                                   
--------------------------------------------------------------------------------
25 July 2016                    5,149               296.23          1,525,269.73
--------------------------------------------------------------------------------
26 July 2016                    3,466               298.36          1,034,098.43
--------------------------------------------------------------------------------
27 July 2016                    3,976               304.63          1,211,211.27
--------------------------------------------------------------------------------
28 July 2016                    3,865               305.22          1,179,686.90
--------------------------------------------------------------------------------
29 July 2016                    6,120               302.75          1,871,168.57
--------------------------------------------------------------------------------
Accumulated under the         610,672               294.53        179,861,513.05
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above Royal Unibrew owns a total of 922,513
shares, corresponding to 1,7% 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



Encl.