Investor Presentaiton

Slovak Republic (EUR / 000's) 81.3 81.3 Fiscal Environment Minimum Excise Tax Development Czech Republic (CZK / 000's) 1,920 2009 2010 85.0 2009 2010 2011 2012 2013 Source: Act no. 95/2011 Coll., Council Directive 2011/64/EU on the structure and rates of excise duty applied to manufactured tobacco (codification) 2,010 2,010 2,100 2011 2012 2013 88.5 2014 90.0 © 2012 Philip Morris ČR a.s. 14 90.0 2,100 2014 PHILIP MORRIS ČR Min. eq. €90/'000 cig. (EU minimum)

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