COMPANY ANNOUNCEMENT NO 9/2018 –  29 JANUARY 2018



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           1,484,303                329.03       488,373,986.67
 announcement                                                                   
--------------------------------------------------------------------------------
22 January 2018                 5,000                361.43         1,807,146.00
--------------------------------------------------------------------------------
23 January 2018                 5,000                364.79         1,823,954.00
--------------------------------------------------------------------------------
24 January 2018                 7,848                364.19         2,858,165.47
--------------------------------------------------------------------------------
25 January 2018                 3,500                360.39         1,261,360.10
--------------------------------------------------------------------------------
26 January 2018                 3,652                363.44         1,327,280.69
--------------------------------------------------------------------------------
Accumulated under the       1,509,303                329.59       497,451,892.93
 programme                                                                      
--------------------------------------------------------------------------------



With the transactions stated above Royal Unibrew owns a total of 1,650,990
shares, corresponding to 3.1% 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





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