COMPANY ANNOUNCEMENT NO 18/2017 – 18 APRIL 2017



On 9 March 2017, Royal Unibrew initiated a share buy-back programme, cf.
company announcement no. 12/2017 of 8 March 2017. The programme is carried out
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 the resulting delegated legislation. The share buy-back programme is
expected to be realised in the period from 9 March 2017 to 28 February 2018.
The total share buy-back in the period will not exceed a market price of DKK
560 million. 


The following transactions have been made under the programme:



                              Number    Average purchase     Transaction value, 
                                of            price                  DKK        
                              shares                                            
--------------------------------------------------------------------------------
Accumulated, last             157,095               289.77         45,520,694.32
 announcement                                                                   
--------------------------------------------------------------------------------
3 April 2017                    3,953               295.00          1,166,137.77
--------------------------------------------------------------------------------
4 April 2017                    2,726               296.42            808,046.10
--------------------------------------------------------------------------------
5 April 2017                    5,015               297.49          1,491,930.40
--------------------------------------------------------------------------------
Accumulated under the         168,789               290.23         48,986,808.59
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above Royal Unibrew owns a total of 1,710,476
shares, corresponding to 3.2% 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.