Segment Ownership Currency Capital
Parent company
Royal Unibrew A/S, Denmark DKK 97,600,000

WESTERN EUROPE
Subsidiaries
Aktieselskabet Cerekem International Ltd., Denmark*  100% DKK  1,000,000
The Curious Company A/S, Denmark* 100% DKK 550,000
Nohrlund ApS, Denmark 68% DKK 103,030
Albani Sverige AB, Sweden 100% SEK 305,000
Ceres S.p.A, Italy 100% EUR 206,400
Terme di Crodo S.r.l., Italy 100% EUR 19,000,000
Etablissement Geyer-Fréres S.A, France 100% EUR 159,687
MC Energy S.A.S, France 100% EUR 50,000
Royal Unibrew Norge AS, Norway* 100% NOK 30,000
     Solera Beverage Group Holding AS, Norway 100% NOK 2,571,231
          Solera Beverage Group AS, Norway 100% NOK 6,000,000
                Solera Norge AS, Norway 100% NOK 6,000,000
                    Engelstad Spirits AS, Norway 100% NOK 30,000
                    Einar A. Engelstad AS, Norway 100% NOK 100,000
                    Orbis Wines AS, Norway 100% NOK 30,000
                    Eurowine AS, Norway 100% NOK 101,000
                    Best Cellars AS, Norway 100% NOK 1,000,000
                    Stenberg & Blom AS, Norway 100% NOK 100,000
                    Winehouse Norway AS, Norway 100% NOK 30,000
                    Bottleneck Holding AS, Norway 100% NOK 100,000
                    Top Cellars Wine Import AS, Norway 100% NOK 30,000
                    Urban Beverages AS, Norway 100% NOK 110,000
                    Multibev AB, Sweden 100% SEK 100,000
                    Multibev AS, Norway 100% NOK 100,000
                    Sommelier AS, Norway 100% NOK 200,000
                    Solera Uteliv AS, Norway 100% NOK 100,000
                    Craft Drinks AS, Norway 100% NOK 30,000
                    Vinkilden AS, Norway 100% NOK 45,580
                    Cuveco AS, Norway 100% NOK 100,000
                    Bacchus Wines AS, Norway 100% NOK 30,000
               Solera Sverige AB, Sweden 100% SEK 150,000
                    Prime Wine Sweden AB, Sweden 100% SEK 117,700
                    Mondo Wine Sweden AB, Sweden 100% SEK 100,000
                    Solera Spirits and Beers AB, Sweden 100% SEK 100,000
                    Solera Spirits and Beers AB, Sweden 100% SEK 50,000
                    Cuveco AB, Sweden 100% SEK 100,000
               Five Eyes AB, Sweden 100% SEK 100,000
               Solera Finland Oy 100% EUR 9,200
                    Stella Wines Oy, Finland 100% EUR 8,000
                    Quantum Beverages Oy, Finland 100% EUR 2,500
                    Solera Cabernet Wines Oy, Finland 100% EUR 2,500
                    Solera Chardonnay Wines Oy, Finland 100% EUR 2,500
                    Solera Riesling Wines Oy, Finland 100% EUR 2,500
                    Multibev Oy, Finland 100% EUR 16,819
                    Tistron Wine Group Ab, Finland 100% EUR 200,000
                         Urban Beverage Oy, Finland 100% EUR 8,000
                              Zenga Import Ab, Finland 100% EUR 2,500

Associates
Grønlandskonsortiet I/S, Denmark 50%  DKK
Nuuk Imeq A/S, Nuuk, Greenland 32% DKK 38,000,000
Hansa Borg Holding AS, Norway 25% NOK 55,510,000
 
BALTIC SEA 
Subsidiaries 
AB Kalnapilio-Tauro Grupe, Lithuania 100% EUR 1,153,337
Royal Unibrew Services UAB, Lithuania 100% EUR 43,500
Oy Hartwall Ab, Finland 100% EUR 13,240,140
     Lapin Kulta Oy, Finland 100% EUR 16,819
SIA “Cido Grupa”, Latvia 100% EUR 1,117,070
     SIA Lacplesa Alus, Latvia 100% EUR 68,945
          SIA Bauskas Alus, Latvia 100% EUR 932,064
Royal Unibrew Eesti, Estonia 100% EUR 200,000
     Tanker Brewery, Estonia* 100% EUR 1,286,969
 
INTERNATIONAL
Subsidiaries 
Centre Nordique d’Alimentation EURL, France* 100% EUR 131,000
Ferell sp. z o.o., Poland* 100% PLN 120,200
Supermalt UK Ltd., UK, England 100% GBP 9,700,00
     Vitamalt (West Africa) Ltd., the UK, England 100% GBP 10,000
     Royal Unibrew Nigeria Ltd., Nigeria 100% NGN 10,000,000
The Danish Brewery Group Inc., USA* 100% USD 1,047,203
Bruce Ashley Group, Inc., Canada 100% CAD 133
Activity
Production, sales and distribution
Sales and distribution
Holding company
Other

* not audited as not mandatory audit