Company announcement No 55/2016–  3 October 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             840,510               300.44        252,519,453.47
 announcement                                                                   
--------------------------------------------------------------------------------
26 September 2016               6,357               321.45          2,043,464.01
--------------------------------------------------------------------------------
27 September 2016               6,075               321.45          1,952,805.71
--------------------------------------------------------------------------------
28 September 2016               3,341               324.29          1,083,464.25
--------------------------------------------------------------------------------
29 September 2016               6,017               326.63          1,965,327.29
--------------------------------------------------------------------------------
30 September 2016               4.031               326.03          1.314.245,47
--------------------------------------------------------------------------------
Accumulated under the         866,331               301.13        260,878,760.20
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,178,172
shares, corresponding to 2.2% 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.