Company announcement No 60/2016–  7 November 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 of    Average purchase     Transaction value,
                             shares           price                  DKK        
--------------------------------------------------------------------------------
Accumulated, last           1,011,437                304.09       307,563,283.71
 announcement                                                                   
--------------------------------------------------------------------------------
31 October 2016                 3,929                317.23         1,246,409.64
--------------------------------------------------------------------------------
1 November 2016                 7,728                313.64         2,423,834.65
--------------------------------------------------------------------------------
2 November 2016                 7,608                308.79         2,349,239.32
--------------------------------------------------------------------------------
3 November 2016                 6,245                307.97         1,923,270.15
--------------------------------------------------------------------------------
4 November 2016                 9,249                304.42         2,815,561.16
--------------------------------------------------------------------------------
Accumulated under the       1,046,196                304.27       318,321,598.63
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,358,037
shares, corresponding to 2.5% 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.