Company announcement No5 8/2016–  24 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             951,260               303.04        288,270,937.64
 announcement                                                                   
--------------------------------------------------------------------------------
17 October 2016                 9,357               318.45          2,979,691.74
--------------------------------------------------------------------------------
18 October 2016                 2,805               322.43            904,409.70
--------------------------------------------------------------------------------
19 October 2016                 2,028               324.52            658,123.52
--------------------------------------------------------------------------------
20 October 2016                 7,690               325.88          2,506,029.50
--------------------------------------------------------------------------------
21 October 2016                 7,304               324.63          2,371,092.41
--------------------------------------------------------------------------------
Accumulated under the         980,444               303.63        297,690,284.51
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,300,285
shares, corresponding to 2.4% 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.