Minnesota Minimum Legal Cigarette Prices As Of …

1 BRANDW holesale Carton PriceRetail Carton PriceRetail Pack PriceITG BRANDS / TIMES USA, INTERNATIONAL , INC. (JTI)Export MARKETING, INC.*Checkers* *Hi Val* INTERNATIONALD jarum (Carton) (Cube) VECTOR BRANDS SHERMANB lack & (All) (All) Originals (All) King (All) York Cut (All) Carton Price:Manufacturer Price + $ ( Cigarette stamp fee & sales tax) + $ (Non-Settlement Fee as applicable) +Asterisks indicate the only KNOWN price changes since NOVEMBER 18, 2016 Minnesota Minimum Legal Cigarette Prices As Of November 22, 2016 The Minimum Prices for wholesalers and retailers, as provided for by Minnesota Statutes, chapter 325D, are shown in this schedule.

2 The computations are based on KNOWN manufacturers list Prices and the products listed are a SAMPLING of the total Cigarette market in Minnesota including Cigarette brands that ARE affected by the Non-Settlement Fee as well as brands that ARE NOT. Minimum Prices may be calculated for unlisted products as follows: $ (Wholesale Cost of Doing Business) = Wholesale Carton Price:Wholesale Price + 8% (Retail Cost of Doing Business) = Retail cigarettes in a wholesaler s or retailer s inventory must be priced to reflect these presumed Prices . A wholesaler or retailer may sell for less iftheycan show that their actual costs of doing business are lower than the presumed Minimum .

3 The Prices indicated belowINCLUDE Off-Invoice promotions, thoughNOT Buy-Down promotions. For questions, contact the Department of Commerce, 85 7th Place East, Suite 500, St. Paul, 5:22 PMBRANDW holesale Carton PriceRetail Carton PriceRetail Pack PricePHILIP MORRIS, & & Hedges (Princess Pack) Craft Special 72' REYNOLDS TOBACCO, INC. (REYNOLDS AMERICAN, INC.) - All Mall (Full Price) Mall (Savings) 555 - All FE NATURAL TOBACCO COMPANY, Spirit TOBACCO, 5:22 PM