Company announcement No 33/2017– 3 July 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             529,989               300.61        159,321,459.62
 announcement                                                                   
--------------------------------------------------------------------------------
26 June 2017                    3,636               317.64          1,154,926.31
--------------------------------------------------------------------------------
27 June 2017                    8,663               314.18          2,721,760.40
--------------------------------------------------------------------------------
28 June 2017                   10,500               310.39          3,259,063.50
--------------------------------------------------------------------------------
29 June 2017                   17,119               307.64          5,266,511.41
--------------------------------------------------------------------------------
30 June 2017                    3,082               311.57            960,259.36
--------------------------------------------------------------------------------
Accumulated under the         572,989               301.37        172,683,980.60
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 714,676
shares, corresponding to 1.4% 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.