Company announcement No 61/2017–  4 December 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           1,156,385                318.88       368,745,432.76
 announcement                                                                   
--------------------------------------------------------------------------------
27 November 2017               10,000                349.10         3,491,043.00
--------------------------------------------------------------------------------
28 November 2017               10,485                360.94         3,784,426.54
--------------------------------------------------------------------------------
29 November 2017                6,420                360.03         2,311,381.04
--------------------------------------------------------------------------------
30 November 2017                8,000                353.34         2,826,748.80
--------------------------------------------------------------------------------
1 December 2017                 8,234                356.11         2,932,190.80
--------------------------------------------------------------------------------
Accumulated under the       1,199,524                320.20       384,091,222.95
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,341,211
shares, corresponding to 2.5% 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.