“CNT has become a shareholder in the UTC Group”

Contraf-Nicotex-Tobacco GmbH (“CNT”) and United Tobacco Company LLC (“UTC US”) are pleased to
announce that CNT has become a shareholder in the UTC Group by founding UTC International LLC,
Wilson, NC. The new company shall be the management holding for the US operation and the Brazil
operation of UTC Group and controls both entities.

The Brazil operation Tabacos Novo Horizonte S.A. (“TNH”) in Venancio Aires, Brazil will be officially
renamed into UTC – United Tobacco do Brasil Ltda. (“UTC Brazil”).

Mr Dirk Siemann, Managing Director of CNT, states, “This is an important step for our group as this will
significantly widen our leaf footprint into these two important leaf markets, the US and Brazil. It
strengthens our leaf business and with our position as the leader in the global nicotine business we
see ourselves well positioned going forward.”

UTC International will be led by Mr Hewitt Poland (Managing Director), Mr Alastair Craik (Operations
Director) and Mr Joseph Howe (Chief Financial Officer).

Mr Jay Barker, the founder and Chairman of the Brazilian operation, will step aside from his positions
in “UTC Brazil”. Mr Barker states, “The development of this company is the culmination of all my
knowledge and love of this industry. I now find that the best way to continue improving the company
is to place the Chairman role in the hands of the very capable Dirk Siemann of CNT”. Mr Barker will
remain as an advisor to management. The company will now be led by Mr Dirk Siemann as Chairman,
Erni Dockhorn as President and Carlos Genehr as Chief Financial Officer.

Mr Steve Coyte will continue as Chief Executive Officer of the US operation (“UTC US”)

UTC was formed in Wilson, NC in 1997. It provides storage and receiving services as well as being a
leading supplier of USA flue cured and burley tobacco for 20 years.

CNT was formed in Heilbronn, Germany in 1982 and supplies the tobacco industry with leaf tobacco
and nicotine.

Heilbronn/Wilson, 8th March 2017

Dirk Siemann, Managing Director, Contraf-Nicotex-Tobacco GmbH

Hewitt Poland, Managing Director, UTC International LLC

Steve Coyte, Chief Executive Officer, United Tobacco Co., LLC