STG Stonepath Grp.

COMPANY ANNOUNCEMENT
No. 46/2016

                                                                                                                                  Copenhagen, 20 September 2016

Reporting of Transactions by Members of the Executive Management - Incentive Programmes


Scandinavian Tobacco Group A/S has under its long-term incentive programme (the LTIP) and transition share programme (the TSP) granted performance share units (PSUs) to additional members of the Executive Management. Reference is made to the announcement on 27 June 2016 of the implementation of the programme and the first grants.

With reference to Article 19 of Regulation No. 596/2014 on Market Abuse the company hereby reports the following transactions involving members of the Executive Management:

1.
Information on the person discharging managerial responsibilities/person closely associated
a)
Name
 Vincent Crepy
2.
Reason for the notification
a)
Position/title
Executive Vice President and member of the Executive Management
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Scandinavian Tobacco Group A/S
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument

Identification code
Performance share units

DK0060696300 - STG
b)
Nature of the transaction
Received performance share units under the Long-term Incentive Programme which are conditional upon fulfilment of certain performance indicators in the financial years 2016-2018

Received performance share units under the Transition Share Programme which are conditional upon fulfilment of certain performance indicators in the financial years 2016-2017
c)
Price(s) and volume(s)

d)
Aggregated information
 -  Aggregated volume
 -  Price
Aggregated volume: 20,822 Performance Share Units

Aggregated price: DKK 0
e)
Date of the transaction
2016-09-20
f)
Place of the transaction
Outside a trading venue

1.
Information on the person discharging managerial responsibilities/person closely associated
a)
Name
 Rob Zwarts
2.
Reason for the notification
a)
Position/title
Executive Vice President and member of the Executive Management
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Scandinavian Tobacco Group A/S
4.
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument

Identification code
Performance share units

DK0060696300 - STG
b)
Nature of the transaction
Received performance share units under the Long-term Incentive Programme which are conditional upon fulfilment of certain performance indicators in the financial years 2016-2018

Received performance share units under the Transition Share Programme which are conditional upon fulfilment of certain performance indicators in the financial years 2016-2017
c)
Price(s) and volume(s)

d)
Aggregated information
 -  Aggregated volume
 -  Price
Aggregated volume: 17.550 Performance Share Units

Aggregated price: DKK 0
e)
Date of the transaction
2016-09-20
f)
Place of the transaction
Outside a trading venue

The number of PSUs granted to the Executive Management has been based on the average share price of the 10 trading days following the listing of the company on 10 February 2016 on Nasdaq Copenhagen. Further, the participants have received PSUs corresponding to the dividend paid by the company in April 2016.

Upon vesting each of the PSUs granted to the above mentioned members of the Executive Management entitles the holder to a cash compensation equivalent to the value of one share in Scandinavian Tobacco Group A/S. The actual compensation upon vesting may range between 0 and 200% of the grant and is determined by the achievement of certain performance indicators in the financial years 2016-2018. The market value of the PSUs granted today to the said members of the Executive Management is DKK 2,269,598 and DKK 1,912,950, respectively (based on closing share price of 19 September 2016 and 100% vesting).

Further, certain members of senior management have been granted 2,967 PSUs in total. Upon vesting, each of these PSUs entitles the holder to receive one share in Scandinavian Tobacco Group A/S at no cost, or the corresponding cash value. The actual number of shares (or cash equivalent) vesting may range between 0 and 200% of the grant and is determined by the achievement of certain performance indicators in the financial years 2016-2018.

The two programmes now comprise a total of 207,578 PSUs of which 166,456 PSUs have been granted to members of the Executive Management, and 41,122 PSUs have been granted to certain members of senior management.

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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