Royal Unibrew A/S completes rights issue

Announcement no. 37/2009			
		
11 December 2009

Not for release, publication or distribution in Australia, Canada, Japan or the
United States 
This announcement does not constitute an offer to sell or the solicitation of
an offer to buy the securities of Royal Unibrew A/S (the “Securities”) in
Australia, Canada, Japan or the United States or in any other jurisdiction. The
securities may not be offered or sold in the United States absent registration
or an exemption from the registration obligation under the U.S. Securities Act
of 1933, as amended. The issuer of the Securities has not registered and does
not intend to register the Securities or any part thereof in the United States
or in any other jurisdiction outside Denmark and does not intend to make a
public offering of the Securities in the United States or any other
jurisdiction outside Denmark. 

Royal Unibrew A/S completes rights issue
Royal Unibrew A/S (the “Company”) today completes an offering of shares with
preemptive rights to the Company's existing shareholders. In the rights issue,
5,586,498 new shares with a nominal value of DKK 10 each were subscribed,
corresponding to 99.8% of the offer shares. 

The new shares were subscribed at DKK 75 per share, resulting in gross proceeds
to Royal Unibrew of approximately DKK 419 million, equivalent to net proceeds
of approximately DKK 394 million after deduction of expenses related to the
offering. 

The new shares are expected to be admitted to trading and official listing on
NASDAQ OMX Copenhagen A/S on 16 December 2009 under the same ISIN code as Royal
Unibrew's existing shares. 

Following registration of the 5,586,498 new shares with a nominal value of DKK
10 each, Royal Unibrew's nominal share capital will be DKK 111,864,980,
corresponding to 11,186,498 shares with a nominal value of DKK 10 each. 

The new shares have the same rights as the Company's existing shares and are
eligible for dividends in respect of each share amount of DKK 10 nominal value.
The new shares are eligible for any dividends payable in respect of the
financial year 2009 and all dividends declared and payable thereafter. 

As announced in the Company's interim statement for Q3 2009 the rights issue
completion will affect the Company's future expectations accordingly: 
•	The proceeds from the proposed issue will result in a reduction of the
Group's bank debt, which means that a number of interest rate swaps will have
to be settled. As planned this will have a negative effect of some DKK 15
million on the Group's financial expenses in 2009. Profit before tax in 2009 is
hereafter expected to be at the level of DKK 45 - 70 million. EBITDA before
special items for the 2009 financial year is expected to be unchanged at the
level of DKK 425 - 450 million and EBIT before special items is expected to be
unchanged at the level of DKK 210 - 235 million. 
•	Net interest-bearing debt will be reduced by some DKK 394 million.
•	On an annual basis, expected net financial expenses will be reduced by some
DKK 30 million. Profit before tax in 2010 is as a result hereof expected to be
at the level of DKK 180 - 230 million. EBITDA for the 2010 financial year is
expected to be unchanged at the level of DKK 450 - 500 million corresponding to
an EBIT level of some DKK 250 - 300 million. 

Danske Markets and Nordea Markets have informed the Company that they did not
make any stabilising transactions with respect to the preemptive rights in
connection with the rights issue. 

For additional information regarding this announcement, please contact:
Henrik Brandt, CEO, tel. +45 56 77 15 13

This announcement has been prepared in a Danish-language and an
English-language version. In the event of discrepancies, the Danish version
shall prevail. 

Royal Unibrew produces, markets, sells and distributes quality beverages
focusing on branded products within beer, malt and soft drinks, including
carbonated soft drinks, water and fruit juices.  We operate as a leading
regional player in a number of markets in Western and Eastern Europe and in the
international markets for malt drinks. Our main markets in Western Europe are
Denmark, Italy, the Cross-border Trade and Germany. The Eastern European
markets comprise Lithuania, Latvia and Poland. The international markets for
malt drinks mainly cover a range of countries in the Caribbean and Africa as
well as cities in Europe and North America with a high concentration of
inhabitants from the Caribbean and Africa, where malt drinks are popular. 
 
In Denmark, we are a leading supplier of beer and soft drinks with a number of
strong brands, and in Italy we are among the market leaders in the super
premium segment with the brand Ceres Strong Ale.  In Latvia and Lithuania, we
are among the two leading beverage companies holding significant market
positions within beer and soft drinks, including fruit juices.  In the
international markets for malt drinks, we are among the market leaders in the
premium segment with the brand Vitamalt. In Poland, our most important market
is in the north-east region, where our brand holds a significant position. 

For more information, go to www.royalunibrew.com.

This announcment contains forward-looking statements. Decision should not be
based on such forward-looking statements as they relate to and are subject to
circumstances or events which may and may not occur in the future, and the
actual results may deviate significantly from those contained in the
forward-looking statements. Forward-looking statements include, but are not
limited, to statements regarding our business, financial circumstances,
strategy, results of operations, funding and other plans, objectives,
assumptions, expectations, prospects, beliefs and other future events and
prospects. We do not assume any liability and do not intend to publish updates
or amendments to any of these forward-looking statements, irrespective of
whether it would be to reflect new information or future events or
circumstances or for any other purpose.