Company announcement No 8/2017– 13 February 2017



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           1,443,697                295.52       426,636,193.41
 announcement                                                                   
--------------------------------------------------------------------------------
6 February 2017                11,310                264.81         2,994,944.55
--------------------------------------------------------------------------------
7 February 2017                 2,629                265.84           698,900.20
--------------------------------------------------------------------------------
8 February 2017                 3,072                268.96           826,236.83
--------------------------------------------------------------------------------
9 February 2017                 1,000                269.70           269,700.00
--------------------------------------------------------------------------------
10 February 2017                4,270                270.17         1,153,609.67
--------------------------------------------------------------------------------
Accumulated under the       1,465,978                295.08       432,579,584.65
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,777.819
shares, corresponding to 3.3% 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 29 23 00 44.

Yours sincerely

Royal Unibrew A/S

Lars Jensen

CFO



Encl.