Company announcement No 55/2017– 6 november 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 of    Average purchase     Transaction value,
                             shares           price                  DKK        
--------------------------------------------------------------------------------
Accumulated, last           1,033,135                313.58       323,965,593.27
 announcement                                                                   
--------------------------------------------------------------------------------
30 October 2017                 5,635                363.61         2,048,964.33
--------------------------------------------------------------------------------
31 October 2017                 3,937                365.68         1,439,668.93
--------------------------------------------------------------------------------
1 November 2017                 4,773                369.72         1,764,681.20
--------------------------------------------------------------------------------
2 November 2017                 5,358                366.72         1,964,878.79
--------------------------------------------------------------------------------
3 November 2017                 6,013                365.35         2,196,854.96
--------------------------------------------------------------------------------
Accumulated under the       1,058,851                314.85       333,380,641.48
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,200,538
shares, corresponding to 2.3% 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.