Implementation of the share capital reduction

Company announcement No 25/2013 —   28 May 2013

At Royal Unibrew A/S' Annual General Meeting on 29 April 2013 a resolution was adopted, following a proposal by the Board of Directors, to reduce the Company's share capital by a nominal amount of DKK 4,800,000 from nominally DKK 105,700,000 to DKK 100,900,000 by cancelling 480,000 treasury shares of a nominal value of DKK 10 each.

The capital reduction has been implemented and registered with the Danish Business Authority today. After the reduction the Company's share capital is nominally DKK 100,900,000 divided into shares of DKK 10.

The revised Articles of Association can be found on the Company's website www.royalunibrew.com under Investor, Corporate Governance.

The reduction of the share capital will not affect Royal Unibrew A/S' share buy-back programme which will continue as previously announced, cf company announcement 20/2013 of 30 April 2013.

After the cancellation of treasury shares, the Company's holding of treasury shares represents 27,822 shares, corresponding to 0.3%.

Please direct any queries to me at tel +45 56 77 15 05.

Yours sincerely

Royal Unibrew A/S

Lars Jensen

CFO