Company announcement No 35/2017– 17 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             601,445               301.76        181,494,310.89
 announcement                                                                   
--------------------------------------------------------------------------------
10 July 2017                        -                    -                     -
--------------------------------------------------------------------------------
11 July 2017                    5,000               312.01          1,560,033.00
--------------------------------------------------------------------------------
12 July 2017                    3,023               312.18            943,732.84
--------------------------------------------------------------------------------
13 July 2017                    3,607               313.77          1,131,775.24
--------------------------------------------------------------------------------
14 July 2017                    4,368               314.94          1,375,637.39
--------------------------------------------------------------------------------
Accumulated under the         617,443               302.06        186,505,489.36
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 759,130
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.