Press Release

March 2, 2016 at 4:30 PM EST

Vector Group Declares Quarterly Cash Dividend

MIAMI--(BUSINESS WIRE)-- Vector Group Ltd. (NYSE:VGR) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. The quarterly cash dividend will be payable on March 30, 2016 to holders of record as of March 21, 2016.

Vector Group is a holding company that indirectly owns Liggett Group LLC, Vector Tobacco Inc. and Zoom E-Cigs LLC and directly owns New Valley LLC, which owns a controlling interest in Douglas Elliman Realty, LLC. Additional information concerning the company is available on the Company's website, www.VectorGroupLtd.com.

Sard Verbinnen & Co
Paul Caminiti/Emily Deissler/Benjamin Spicehandler/Spencer Waybright
212-687-8080

Source: Vector Group Ltd.

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