Investor Presentaiton

Russia performance Volume and Net Sales 2010 Net change vs. same period in 2009 (%) 21.5% 12.6% 8.4% 4.8% 0.5% -7.1% -7.4% -10.1% -12.8% Q1 10 Q2 10 Jul/Aug 10 JTi E Volume GFB Volume Reported Net Sales During July/August, total volume grew slightly, mainly driven by slowing market contraction and SOM gains. GFB volume grew strongly in July/August, mainly driven by Winston and LD RUB strength had a positive impact on net sales comparisons, especially in Q1 10. The different timings of price increases (March 2009 vs. June 2010) impacted Q2 10 net sales. 17

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