Denmark: Share Buy-back at Royal Unibrew A/S

On 19 September 2005, Royal Unibrew A/S launched its published Share Buy-back Programme with expected maximum share buy-back for DKK 100 million in the period up to 20 January 2006 (cf Announcement RU 25/2005 of 16 September 2005), the company published on November 16.

The share buy-back will be executed under the ”Safe Harbour” provisions of the EU Commission Regulation No 2273/2003 of 22 December 2003. Royal Unibrew will therefore every seventh transaction day make an announcement of the accumulated purchases made under the Programme.

Since the latest announcement of 7 November 2005 Royal Unibrew has under the Programme made the following purchases:

The purchases referred to above imply that Royal Unibrew A/S now holds a total of 211.619 treasury shares of a nominal value of DKK 10 each, equivalent to 3.3% of the total number of issued shares of 6,370,000.

18 November, 2005