Company announcement No 53/2016–  19 September 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             782,636               298.89        233,920,713.98
 announcement                                                                   
--------------------------------------------------------------------------------
12 September 2016               3,962               317.85          1,259,326.45
--------------------------------------------------------------------------------
13 September 2016              16,945               319.54          5,414,676.47
--------------------------------------------------------------------------------
14 September 2016               5,978               320.44          1,915,584.94
--------------------------------------------------------------------------------
15 September 2016               3,983               320.58          1,276,886.47
--------------------------------------------------------------------------------
16 September 2016               3,671               321.46          1,180,080.03
--------------------------------------------------------------------------------
Accumulated under the         817,175               299.77        244,967,268.34
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,129,016
shares, corresponding to 2.1% 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.