Philip Morris Reaches 93.11% Ownership In Swedish Match

Philip Morris PM:

• PMHH BECOMES THE OWNER OF 93.11 PERCENT OF THE SHARES IN SWEDISH MATCH, AND INTENDS TO INITIATE COMPULSORY REDEMPTION AND REQUEST DELISTING

• OFFER FOR SWEDISH MATCH IS NOW CLOSED

• TO INITIATE MINORITY REDEMPTION PROCESS TO ACQUIRE REMAINING SHARES OUTSTANDING AND REQUEST DELISTING OF SWEDISH MATCH

• EXPECTS COMBINATION TO BE LOW SINGLE-DIGIT ACCRETIVE TO PMI'S ADJUSTED DILUTED EPS IN 2023

• HAS NO PLANS TO DIVEST LIGHTS BUSINESS