Company announcement No 42/2017– 4 September 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             837,656               305.70        256,074,915.13
 announcement                                                                   
--------------------------------------------------------------------------------
28 August 2017                 19,075               335.79          6,405,154.19
--------------------------------------------------------------------------------
29 August 2017                  7,100               333.42          2,367,308.27
--------------------------------------------------------------------------------
30 August 2017                  3,953               339.59          1,342,386.62
--------------------------------------------------------------------------------
31 August 2017                  4,756               336.88          1,602,208.41
--------------------------------------------------------------------------------
1 September 2017                6,955               340.95          2,371,281.52
--------------------------------------------------------------------------------
Accumulated under the         879,495               307.18        270,163,254.15
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,021,182
shares, corresponding to 1.9% 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.