Press Release

June 11, 2001 at 12:00 AM EDT

Vector Group Ltd. Declares Quarterly Dividend

Vector Group Ltd. Declares Quarterly DividendVector Group Ltd. (NYSE: VGR) announced today that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share, payable June 29, 2001 to holders of record as of June 22, 2001.

Vector Group is a holding company that indirectly owns Liggett Group Inc., Vector Tobacco and a controlling interest in New Valley Corporation.