Company announcement No 26/2017– 29 May 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             383,167               295.76        113,324,139.22
 announcement                                                                   
--------------------------------------------------------------------------------
22 May 2017                     6,039               296.83          1,792,575.09
--------------------------------------------------------------------------------
23 May 2017                     6,880               296.00          2,036,471.06
--------------------------------------------------------------------------------
24 May 2017                     4,817               297.78          1,434,386.99
--------------------------------------------------------------------------------
Accumulated under the         400,903               295.80        118,587,572.36
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,942,590
shares, corresponding to 3.6% 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 29 23 00 44.



Yours sincerely

Royal Unibrew A/S



Lars Jensen

CFO



Encl.