Vector Group’s tobacco subsidiaries have a proud history of charting an independent course in the tobacco industry, dating from Liggett’s founding in 1873. In 1996, Liggett became the first tobacco company to settle certain smoking-related litigation. A year later, we led Liggett into its landmark announcement that smoking is addictive and causes cancer and other health ailments. To this day, Liggett – the fifth largest cigarette manufacturer in the U.S. – remains the only major tobacco company to carry “Smoking Is Addictive” warning labels on its cigarette packs and to list ingredients on its cartons. Liggett has a strong collection of discount cigarette brands, which includes Eve, Grand Prix, Pyramid and Liggett Select.Our Vector Tobacco subsidiary is focused on developing reduced risk cigarette products.Vector Group is also involved in the real estate business through its New Valley subsidiary. New Valley owns a 50% ownership interest in Douglas Elliman Realty LLC, which operates the largest residential real estate brokerage company in the New York metropolitan area. New Valley also holds investments in several significant real estate projects in California and New York.

ITC walks with the other giants of the Indian business world -- Tata and Reliance. Primarily, the company makes cigarettes and tobacco, as well as papers and packaging. It manages lines of branded apparel, personal care products, and prepackaged food. ITC also runs hotels and exports agricultural commodities (including rice, wheat, and lentils). The company is India's second-largest exporter of agri-products. Its major brands include India Kings, Insignia, Navy Cut, Scissors, and Gold Flake (cigarettes); Wills Sport and John Players (clothing); Kitchens of India and Aashirvaad (prepackaged food); and Expressions (greeting cards). It is also parent to one of India's leading technology companies, ITC Infotech.

British American Tobacco Vietnam promotes tobacco crop production through a joint venture with Vietnam National Tobacco Corporation (Vinataba). Additionally, it operates a manufacturing facility capable of producing 17,000 tons of cut rag per year; is licensed to distribute State Express 555 and Dunhill brand cigarettes; and manufactures such brands as Craven A, White Horse, Virginia Gold, Everest, and Seven Diamonds. Established in 1994, it operates offices in Can Thoin, Da Nang, Hanoi, and Ho Chi Minh City. It is a subsidiary of British American Tobacco p.l.c.

PM USA is an operating company of Altria Group, Inc., a Virginia corporation whose stock is traded on the New York Stock Exchange (MO).PM USA is more than 150 years old. The history of our company can be traced back to Philip Morris' 1847 opening of a single shop on London's Bond Street, selling tobacco and ready-made cigarettes. In 1902, Philip Morris & Co., Ltd. incorporated as a small tobacco company in New York City. In 1960, Philip Morris was the smallest among the six major tobacco companies in the United States. By 1983, PM USA had become the largest cigarette company in the country.

Imperial Tobacco Group has traded up to an even bigger throne. Its acquisition of Spain's Altadis in 2008 added the Montecristo and Ducados brands. Its purchase of German tobacco firm Reemtsma (Davidoff and West cigarettes) doubled its size and made it one of the world's top tobacco firms. Imperial's other brands include Lambert & Butler, the UK's #1 cigarette, as well as Castella cigars, and Amphora and St Bruno pipe tobacco. Its Drum brand is the #1 hand-rolling tobacco worldwide, and Rizla is a top cigarette paper. Acquisitions in Australia and New Zealand have assured Imperial's presence in emerging markets.

British American Tobacco Malaysia, or BAT Malaysia, likes to see things go up in smoke. The company, a subsidiary of global giant British American Tobacco, is the #1 Malaysian cigarette company. It makes, imports, and sells cigarettes, cigars, and pipe tobacco under the names Benson & Hedges, Dunhill, Kent, and Pall Mall, among others. BAT Malaysia has a leaf-processing plant, a factory, and about 10 sales offices. The company also houses the quality lab for all of British American Tobacco's Asian operations (Hong Kong, Japan, China, and Vietnam). It was formed in 1999 by the merger of Rothmans of Pall Mall (Malaysia) and Malaysian Tobacco Company.

Century Distributors is a full-line supplier of tobacco products and grocery items that caters to some 3,000 customers, including supermarkets, news stands, bookstores, office supply stores, convenience stores, and liquor stores throughout Maryland, Northern Virginia, and Washington, DC. Its products include frozen foods, health and beauty, foodservice, and tobacco, among others. The company boasts a more than 100,000-sq. ft. distribution warehouse. Other services Century offers include inventory control, manufacturer programs, and merchandising support. The mid-sized company is owned by Sheldon Sadugor and managed by his three children.

British American Tobacco Japan (BATJ) is busy catering to the will of the Japanese people while attempting to temper the regulatory decisions of the Japanese government. Having been tasked with providing smoking materials and accessories to the country's approximately 32 million smokers, BATJ also has its hand in helping to persuade or dissuade the government on taxation and regulations concerning the marketing and consumption of tobacco products. The more than 20-year-old subsidiary of British American Tobacco has 13 regional offices about Japan.

Rothmans company owns 60% of Rothmans, Benson & Hedges (RBH). RBH, Canada's #2 tobacco firm (Imperial Tobacco Canada is #1), makes and distributes cigarettes and roll- your-own tobaccos under top brands Craven "A" and Rothmans, as well as Belvedere, Benson and Hedges, Dunhill (licensed), Mark Ten, Number 7 (its best seller), and Viscount. RBH also distributes cut tobacco, mini-cigars, and pipe tobacco (Captain Black). Rothmans controls about a third of the Canadian tobacco product market. Philip Morris International (PMI) acquired Rothmans for about $2 billion in 2008.

JTI - Japan Tobacco International is the international tobacco business of Japan Tobacco, the world's third largest industry player, with a global market share of 11% and market capitalization of approximately USD 32 billion.Our group was formed in 1999 when Japan Tobacco Inc. purchased, for USD 8 billion, the international tobacco operations of the US multinational R.J.Reynolds.In 2007, Gallaher, a FTSE 100 business, was acquired by Japan Tobacco for GBP 9.4 billion. At the time, this was the largest foreign acquisition by a Japanese company.In 2009, we will enter our 10th year. We are a young industry player built on solid tobacco experience and rich heritage, dating back to the 18th century.

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