News Release

Vector Group Declares Quarterly Cash Dividend

June 7, 2007 at 12:00 AM EDT
VECTOR GROUP DECLARES QUARTERLY CASH DIVIDEND MIAMI, FL, June 7, 2007 -- 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 dividend is payable on June 29, 2007 to holders of record as of June 20, 2007.

Vector Group is a holding company that indirectly owns Liggett Group LLC, Vector Tobacco Inc. and New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.

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Contact:
Paul Caminiti/Carrie Bloom/Jonathan Doorley
Sard Verbinnen & Co
212/687 - 8080