Company announcement No 31/2017– 19  June 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             444,009               297.07        131,900,279.05
 announcement                                                                   
--------------------------------------------------------------------------------
12 June 2017                    5,848               308.27          1,802,784.01
--------------------------------------------------------------------------------
13 June 2017                    4,659               307.60          1,433,088.37
--------------------------------------------------------------------------------
14 June 2017                    4,828               311.54          1,504,116.09
--------------------------------------------------------------------------------
15 June 2017                    3,291               311.85          1,026,302.30
--------------------------------------------------------------------------------
16 June 2017                      903               314.38            283,882.79
--------------------------------------------------------------------------------
Accumulated under the         463,538               297.60        137,950,452.61
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 605.225
shares, corresponding to 1.1% of the share capital. The total amount of shares
in the company is 52,700,000, 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.