Company announcement No 57/2016–  17 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                                            
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Accumulated, last             918,130               302.41        277,649,604.57
 announcement                                                                   
--------------------------------------------------------------------------------
10 October 2016                 5,869               320.08          1,878,522.52
--------------------------------------------------------------------------------
11 October 2016                 5,029               321.33          1,615,952.98
--------------------------------------------------------------------------------
12 October 2016                14,090               320.32          4,513,248.21
--------------------------------------------------------------------------------
13 October 2016                 3,581               319.61          1,144,519.47
--------------------------------------------------------------------------------
14 October 2016                 4,561               322.10          1,469,089.89
--------------------------------------------------------------------------------
Accumulated under the         951,260               303.04        288,270,937.64
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,263,101
shares, corresponding to 2.3% 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.