News Release

Vector Group Declares Quarterly Cash Dividend

September 9, 2002 at 12:00 AM EDT
Vector Group Declares Quarterly Cash Dividend MIAMI, FL, September 9, 2002 -- 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. Additionally, the Company declared its regular annual stock dividend of 5%. Both the quarterly cash and the annual stock dividends are payable on September 27, 2002 to holders of record as of September 20, 2002.

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