Company announcement No 69/2016–  19 December 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           1,230,735                300.36       369,658,623.08
 announcement                                                                   
--------------------------------------------------------------------------------
12 December 2016                2,000                257.04           514,089.60
--------------------------------------------------------------------------------
13 December 2016                4,264                261.48         1,114,940.49
--------------------------------------------------------------------------------
14 December 2016                2,869                263.05           754,681.56
--------------------------------------------------------------------------------
15 December 2016                3,398                267.73           909.742,46
--------------------------------------------------------------------------------
16 December 2016                6,842                269.39         1,843,185.54
--------------------------------------------------------------------------------
Accumulated under the       1,250,108                299.81       374,795,262.72
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,561,949
shares, corresponding to 2.9% 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.