Company announcement nO 65/2017 –  27 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           1,306,894                323.69       423,031,721.65
 announcement                                                                   
--------------------------------------------------------------------------------
18 December 2017                5,753                359.47         2,068,032.06
--------------------------------------------------------------------------------
19 December 2017                7,500                364.51         2,733,832.50
--------------------------------------------------------------------------------
20 December 2017                7,831                366.82         2,872,554.89
--------------------------------------------------------------------------------
21 December 2017                8,000                367.01         2,936,043.20
--------------------------------------------------------------------------------
22 December 2017                8,000                369.03         2,952,266.40
--------------------------------------------------------------------------------
Accumulated under the       1,343,978                324.85       436,594,450.70
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above Royal Unibrew owns a total of 1,485,665
shares, corresponding to 2.8% 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.