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2017-06-21 13:30 CEST
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Major Shareholder's Announcement

COMPANY ANNOUNCEMENT
No. 20/2017

                                                                                                                                Copenhagen, 21 June 2017

Major Shareholder's Announcement

In accordance with Section 29 of the Danish Securities Trading Act (værdipapirhandelsloven) Scandinavian Tobacco Group A/S ("the Company") hereby reports that the Company has been informed, that Skandinavisk Holding A/S - in connection with a reduction of its share capital adopted on 23 May 2017 and completed on 20 June 2017 - has distributed 21,495,440 shares in the Company, each with nominal value of DKK 1 (total nominal value DKK 21,495,440) to Chr. Augustinus Fabrikker Aktieselskab, and 11,574,467 shares in the Company, each with a nominal value of DKK 1 (total nominal value DKK 11,574,467) to C.W. Obel A/S. Thus, Skandinavisk Holding A/S has distributed is total holding of shares in the Company, i.e. 33,069,907 shares, each with a nominal value of DKK 1 (total nominal value DKK 33,069,907).

Chr. Augustinus Fabrikker Aktieselskab now holds directly 21,495,440 shares in the Company, each with a nominal value of DKK 1 (total nominal value DKK 21,495,440), corresponding to 21.5% of the total share capital and 21.5% of the voting rights.

C.W. Obel A/S now holds directly 11,574,467 shares in the Company, each with a nominal value of DKK 1 (total nominal value DKK 11,574,467), corresponding to 11.6% of the total share capital and 11.6% of the voting rights.

Chr. Augustinus Fabrikker Aktieselskab and C.W. Obel A/S own 65% and 35%, respectively, of Skandinavisk Holding A/S. Chr. Augustinus Fabrikker Aktieselskab is owned by The Augustinus Foundation, which before as well as after the capital reduction indirectly owns 21,495,440 shares in the Company, each with a nominal value of DKK 1, corresponding to 21.5% of the total share capital and 21.5% of the voting rights. C.W. Obel A/S is owned by The Obel Family Foundation, which before as well as after the merger indirectly owns 11,574,467 shares in the Company, each with a nominal value of DKK 1, corresponding to 11.6% of the total share capital and 11.6% of the 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.

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 2016, the Group employed 7,600 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.

Scandinavian Tobacco Group A/S
Sydmarken 42
DK-2860 Søborg
Denmark

CVR 31 08 01 85

HUG#2114356