Company announcement No 44/2016–  8 August 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             610,672               294.53        179,861,513.05
 announcement                                                                   
--------------------------------------------------------------------------------
1 August 2016                   6,000               305.63          1,833,798.60
--------------------------------------------------------------------------------
2 August 2016                   8,929               302.38          2,699,988.52
--------------------------------------------------------------------------------
3 August 2016                   4,809               299.43          1,439,952.14
--------------------------------------------------------------------------------
4 August 2016                   5,194               300.35          1,560,018.42
--------------------------------------------------------------------------------
5 August 2016                   6,927               300.84          2,083,939.46
--------------------------------------------------------------------------------
Accumulated under the         642,531               294.90        189,479,210.19
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 954,372
shares, corresponding to 1.8% 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.