Investor Presentaiton

JTi E Regulatory environment ☐ New tobacco regulations (enforced since July 2010) set product and packaging requirements compliant with the FCTC: □ Enlarged health warnings ☐ Ingredients reporting ☐ Reduced levels of tar and nicotine ☐ Notation on products with "lights" and "mild" descriptors Legislative discussion ongoing regarding smoking in public places and further restrictions on advertising The Russian market is increasingly regulated 10

View entire presentation