Company announcement No 63/2017–  18 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           1,241,894                321.71       399,531,417.79
 announcement                                                                   
--------------------------------------------------------------------------------
11 December 2017               28,000                365.50        10,234,030.80
--------------------------------------------------------------------------------
12 December 2017               10,522                358.53         3,772,478.97
--------------------------------------------------------------------------------
13 December 2017               10,000                358.95         3,589,514.00
--------------------------------------------------------------------------------
14 December 2017                8,466                362.53         3,069,172.21
--------------------------------------------------------------------------------
15 December 2017                8,012                353.86         2,835,107.89
--------------------------------------------------------------------------------
Accumulated under the       1,306,894                323.69       423,031,721.65
 programme                                                                      
--------------------------------------------------------------------------------

With the transactions stated above Royal Unibrew owns a total of 1,448,581
shares, corresponding to 2.7% 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.