PitchSend

Investor Presentaiton

Pricing evolution 40 40 35 55 30 35 25 27 Pricing evolution 2009-2010 (RUB/20 pack) 37 31 29 20 16 15 15 18 40 JTi Pricing first announced by JTI 43 Russian Style 33 Winston 20 LD Jan-Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-Feb Mar Apr May Jun Jul Aug Sep 09 10 JTI as the leader in the market has a consistent track record of seizing pricing opportunities 21

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