Company announcement No 52/2017– 16 October 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             967,798               310.39        300,391,754.75
 announcement                                                                   
--------------------------------------------------------------------------------
9 October 2017                  7,406               357.37          2,646,679.26
--------------------------------------------------------------------------------
10 October 2017                 2,000               362.19            724,374.00
--------------------------------------------------------------------------------
11 October 2017                 2,875               362.94          1,043,449.91
--------------------------------------------------------------------------------
12 October 2017                 3,000               362.65          1,087,950.00
--------------------------------------------------------------------------------
13 October 2017                 3,696               363.72          1,344,295.08
--------------------------------------------------------------------------------
Accumulated under the         986,775               311.36        307,238,502.99
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,128,462
shares, corresponding to 2.1% 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.