Scandinavian Tobacco Group A/S: Changes to the Executive Management

COMPANY ANNOUNCEMENT
No. 13/2017

                                                                                                                                  Copenhagen,1May 2017

Changes to the Executive Management
 
On 1 May 2017 Rob Zwarts resigned from his position as Executive Vice President Special Projects and member of the Executive Management of Scandinavian Tobacco Group A/S.

Rob Zwarts, who is nearing the age of retirement, will until May 2018 be available to the company in a role as employed ad hoc advisor.

The retirement plans for Rob Zwarts are as announced in connection with the initial public offering of the shares of Scandinavian Tobacco Group A/S for sale at Nasdaq Copenhagen in February 2016.

On 1 May 2017, Hanne Berg joined Scandinavian Tobacco Group as Chief HR Officer & Senior Vice President. Hanne Berg will be part of the Executive Management. Hanne Berg holds a M.Sc. in Business Administration and Law from Aarhus School of Business, Denmark, and she has for the past 10 years worked with the LEGO Group in various HR roles, most recently as Vice President.

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.

About Scandinavian Tobacco Group

Scandinavian Tobacco Group A/S with its subsidiaries (the “Group“) is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories.

Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets.

Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions.  In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns.

As at 31 December 2015, the Group employed approx. 8,100 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US.

For more information please visit www.st-group.com.

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