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2016-09-12

Scandinavian Tobacco Group A/S: Transactions in Connection with Share Buy-back Programme

COMPANY ANNOUNCEMENT

No. 44/2016

Copenhagen, 12 September
2016

Transactions in Connection
with Share Buy-back Programme

On 30 May 2016 Scandinavian Tobacco Group A/S ("STG") announced that a share
share buy-back programme of up to 412,462 shares and a maximum consideration
of DKK 55m was launched with the purpose of hedging obligations arising from
STG's share based incentive schemes.

The buy-back programme is executed in accordance with Commission Regulation
(EC) no 2273/2003 of 22 December 2003 and from 3 July 2016 in accordance with
Article 5 of Regulation (EU) no 596/2014 of 16 April 2014 (the so-called Safe
Harbour method). The share buy-back programme will end no later than 30
September 2016.

The following transactions have been executed in the period 5-9 September
2016:

----------------------------------------------------------------------------------------------------------
| Number of shares Average purchase price, DKK Transaction value, DKK |
| 5 September 2016 2,500 110.58 276,450 |
| 6 September 2016 4,000 109.89 439,575 |
| 7 September 2016 3,000 107.41 322,225 |
| 8 September 2016 2,232 109.34 244,044 |
| 9 September 2016 1,500 109.57 164,350 |
| Accumulated for the 13,232 109.33 1,446,644 |
| |
|period |
| Accumulated under the programme 398,447 110.31 43,951,778 |
----------------------------------------------------------------------------------------------------------
A detailed overview of transactions during the period 5-9 September 2016 is
attached to this announcement.

Following the above transactions STG owns a total of 398,447 treasury shares,
corresponding to 0.398 % of the total share capital.
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.
Scandinavian Tobacco Group - Transactions under buy-back 12 Sept. 2016
http://hugin.info/171738/R/2041415/761765.pdf
STG Appendix to Company Announcement 44, 12 Sept. 2016
http://hugin.info/171738/R/2041415/761773.pdf

---------------------------------------

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scandinavian Tobacco Group A/S via Globenewswire

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