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Investor Presentaiton

Forward-looking and cautionary statements This presentation contains forward-looking statements about our industry, business, plans and objectives, financial conditions and results of operations based on current expectations, assumptions, estimates and projections. These statements discuss future expectations, identify strategies, discuss market trends, contain projections of operational results and financial condition and state other forward-looking information. These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors that could cause our actual results to differ from those suggested by any forward-looking statement. We assume no duty or obligation to update any forward-looking statement or to advise of any change in the assumptions and factors on which they are based. Risks, uncertainties or other factors that could cause actual results to differ materially from those expressed in any forward-looking statement include, without limitation: 1) health concerns relating to the use of tobacco products; 2) legal or regulatory developments and changes; including, without limitation, tax increases and restrictions on the sale, marketing and usage of tobacco products, governmental investigations and privately imposed smoking restrictions; 3) litigation in Japan and elsewhere; 4)our ability to further diversify our business beyond the tobacco industry; 5)our ability to successfully expand internationally and make investments outside of Japan; 6)competition and changing consumer preferences; 7)the impact of any acquisitions or similar transactions; 8) local and global economic conditions; and 9)fluctuations in foreign exchange rates and the costs of raw materials. This presentation contains packages of our brands in some slides. Those slides have been developed to explain JTI's performance to our investors. And they are not intended to promote the purchase of our products E JTi 2
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