Financial Results and Outlook

High Quality Customer Base • • About two-thirds of our tobacco sales are to customers with major positions in their respective markets and with whom we have long-standing relationships Our largest customers include Altria Group Inc., British American Tobacco plc, China Tobacco International, Inc., Imperial Brands plc, Japan Tobacco, Inc., Philip Morris International, Inc., and Swedish Match AB In total, these customers accounted for more than 60% of Universal's consolidated revenues for the past three years 40

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