Company announcement No 61/2016–  14 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           1,046,196                304.27       318,321,598.63
 announcement                                                                   
--------------------------------------------------------------------------------
7 November 2016                 1,801                306.29           551,620.37
--------------------------------------------------------------------------------
8 November 2016                 5,526                307.49         1,699,183.11
--------------------------------------------------------------------------------
9 November 2016                 3,780                307.22         1,161,274.21
--------------------------------------------------------------------------------
10 November 2016               10,991                300.47         3,302,465.77
--------------------------------------------------------------------------------
11 November 2016                8,050                292.90         2,357,848.22
--------------------------------------------------------------------------------
Accumulated under the       1,076,344                304.17       327,393,990.31
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above Royal Unibrew owns a total of 1,388,185
shares, corresponding to 2.6% 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.