Philip Morris International Spin-off (Completed)
Stock-Based Plans

Tax Implications

Under U.S. tax law, the changes to your restricted or deferred shares or stock options as a result of the Spin-off should not be a taxable event, except for any cash payment made to you representing a fractional share or option. Therefore, you will continue to be taxed on the intrinsic value received upon the exercise of stock options, based on the revised grant prices, or on the fair market value of the stock at vesting of restricted or deferred stock.

If you are subject to taxation outside the U.S., the changes to your restricted or deferred shares or stock options as a result of the Spin-off could cause taxes to be accelerated or increased. Since personal tax situations are unique, you should discuss this matter with your financial or tax advisor and act accordingly. Please note the tax treatment of your restricted or deferred shares or stock options as a result of the Spin-off may be different from the tax treatment of any other shares of Altria that you may own as a shareholder.

Glossary

Contact Information

Altria Contacts
www.ubs.com/
onesource/mo
Tel: 1-800-315-5250
(U.S. only)
Tel: 1-201-352-2316
(Outside U.S.)

Philip Morris International Contacts
www.ubs.com/
onesource/pm
Tel: 1-877-762-8827
(U.S. only)
Tel: 1-201-272-7741
(Outside U.S.)