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.

Altadis Pyrenees Mountains may divide France and Spain, but Altadis unites the countries for a smoke. Born of the 1999 merger of Spain's Tabacalera and France's Societe Nationale d'Exploitation Industrielle des Tabacs et Allumettes (Seita), Altadis is one of the world's largest tobacco firms. Altadis brands include Ducados, Fortuna, Gauloises, and Gitanes. Its cigar operation (the top worldwide) produces Antonio y Cl opatra, Farias, Hav-A-Tampa, and Montecristo and controls a quarter of the world's cigar market (mostly from its Altadis USA unit).

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.

Nervous newlyweds headed to Niagara Falls can take a pit stop down the road at Smokin Joes Cigars. The retail outlet on the Tuscarora Indian Nation in New York started off as a place to buy low-priced tobacco and tax-free gasoline but now offers a range of other products, from groceries and housewares to jewelry and apparel items, including casual clothing from major labels (such as Burton and Calvin Klein), Western wear, footwear, and accessories. In addition to selling name-brand tobacco products, Smokin Joes manufactures its own line of cigars, cigarettes, and pipe tobacco at a factory on the Tuscarora Indian Reservation. It also sells products online.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in the United States and internationally. The company also manufactures machine-made large cigars and pipe tobacco; and maintains a portfolio of leveraged and direct finance leases principally in transportation, including aircraft, as well as power generation and manufacturing equipment and facilities. It serves wholesalers and distributors, large retail organizations and chain stores, and the armed services. The company was founded in 1919 and is headquartered in Richmond, Virginia.

Philip Morris International Inc manufactures and sells cigarettes and other tobacco products in markets outside of the United States of America. The company's portfolio comprises international and local brands. Its primary international brands include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The company's local brands principally include A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, the Middle East and Africa, Asia, Canada, and Latin America. The company is based in New York, New York.

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.

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.

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.

Reemtsma Cigarettenfabriken company produces a variety of brands, including Gauloises Blondes, Davidoff, Peter Stuyvesant, R1, and JPS. It sells its cigarettes through affiliated operations in more than 130 countries around the globe. Health-related legal complications have as yet not touched the company, since the majority of its sales come from areas outside those litigious towards cigarette makers. Reemtsma is a subsidiary of the UK's Imperial Tobacco.

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