Investor Presentaiton

Cigarette Market Overview* Czech Republic 23.0 Cigarette Market, bio 21.7 7.0* 21.1 2008 2009 2010 ➤RYO - increase in consumption of over 20% Illicit trade ➤ Down-trading to cheaper cigarettes * Estimated trade inventory distortions prior to January 1, 2008 excise tax increase Source: Philip Morris ČR a.s. Financials and estimates PHILIP MORRIS ČR © 2011 Philip Morris ČR a.s. 3

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