STG Stonepath Grp.

COMPANY ANNOUNCEMENT
No. 1/2017

                                                                                                                           Copenhagen, 19 January 2017

Major Shareholder's Announcement

With reference to Section 29 of the Danish Securities Trading Act (værdipapirhandels-loven) Swedish Match Cigars Holding AB today informed Scandinavian Tobacco Group A/S (the "Company") that on 19 January 2017, in connection with an accelerated book building offering, it has disposed of 9,000,000 shares of nominally DKK 1 each (aggregate nominal value of DKK 9,000,000) in the Company to certain institutional investors, and following settlement it will thus cross thresholds of 15% and 10% of the share capital in the Company.

Following settlement, Swedish Match Cigars Holding AB will hold 9,069,906 shares of nominally DKK 1 each (aggregate nominal value of DKK 9,069,906) in the Company, corresponding to approx. 9.07% of the total share capital and approx. 9.07% of the total voting rights.

Swedish Match Cigars Holding AB, organisation no. 556367-1253, is a wholly owned subsidiary of Swedish Match AB which is a publicly owned company incorporated under the laws of Sweden with organisation no. 556015-0756 and listed on Nasdaq Stockholm. Following settlement, Swedish Mach AB will indirectly hold 9,069,906 shares of nominally DKK 1 each (aggregate nominal value DKK 9,069,906) in the Company, corresponding to approx. 9.07% of the total share capital and 9.07% of the total voting rights.

For further information, please contact:

For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152
or kaspar.bach@st-group.com.

For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com.

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