Universal Leaf Tobacco Company Presentation

Tobacco Industry Supply and Demand million strip kgs million strip kgs 3,000 2,500 2,000 1,500 Leaf Usage vs. Cigarette Leaf Production by Crop Year Leaf Usage ex. PRC Cigarette Leaf Production ex. PRC 1,000 08 09 10 11 12 13 14 15 16 17 18 19 20 20 400 300 200 100 0 08 Flue-Cured and Burley Unsold Stocks (as of June 30) 09 10 11 12 13 14 15 16 17 18 19 20 20 Company Estimates. Excludes Asian Monopolies 21 22 22 21 22 23 43

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