Our Mission is to own and develop financially disciplined businesses that are leaders in INVESTOR responsibly providing adult tobacco and wine consumers with superior branded products. HIGHLIGHTS

INVEST IN SATISFY ADULT ALIGN WITH CREATE SUBSTANTIAL VALUE LEADERSHIP CONSUMERS SOCIETY FOR SHAREHOLDERS

2016 3 LONG-TERM FINANCIAL GOALS

adjusted diluted a target dividend ADJUSTED Grow Maintain GREW EPS at an average annual payout ratio of approximately 1 DILUTED EPS rate of to of adjusted

7% 9% 80% diluted EPS +8.2% STRATEGIES

INCREASED 1 MAXIMIZE income from core tobacco businesses over the long term. THE DIVIDEND BY has been the leading U.S. cigarette brand for over +8.0% 40 years4 and is the retail REPRESENTING THE share leader in 50TH DIVIDEND all 50 states.5 Nat Sherman, acquired in INCREASE 2017, offers a portfolio of Copenhagen and combined represent more than IN super premium 47 YEARS half the smokeless

cigarettes and premium SMOKELESS SEGMENT SMOKEABLE SEGMENT 5 cigar products. category. $ 2 GROW new income streams with innovative tobacco products. 5.5 In heated tobacco, has the IN BILLION exclusive DIVIDENDS PAID AND SHARES REPURCHASED rights to commercialize World-Class MarkTen XL the IQOS system Research was the in the United States DELIVERED A fastest through an agreement TOTAL SHAREHOLDER with Philip Morris RETURN2 OF growing e-vapor International. brand in Q4 of 2016.5 20.5%, 3 MANAGE diverse income streams and a strong balance sheet to deliver consistent financial performance. TH THE 4 2017 marks the 50th anniversary In 2016, CONSECUTIVE of Chateau Ste. Michelle, Ste. Michelle Washington state’s Altria owns YEAR SHAREHOLDERS founding over 10% Wine Estates winery. BEER ENJOYED A RETURN WINE of AB InBev, grew adjusted OCI OF MORE the world’s first nearly 10%.1 global brewer. THAN 20% 1. For reconciliation of non-GAAP to GAAP measures visit altria.com. 2. Source: Bloomberg Daily Return as of year end December 31. Assumes quarterly reinvestment of dividends as of ex-dividend date. 3. Forward-looking statement. Actual results may vary materially from estimates due to various factors. See “Cautionary Factors That May Affect Future Results” in Altria’s Quarterly Report on 10-Q for the period ending March 31, 2017 4. Source: Maxwell, MSAi Shipments, IRI/Capstone – Total Retail Panel; IRP IRIGroup/Capstone Projected Retail Panel; IRI/MSAi 5. Source: STARS and IRI InfoScan OUR PEOPLE AND WORK CULTURE

“We seek and value differences in our people, communities, and suppliers to drive our business success. We are diversifying our workforce at all levels and creating a more inclusive culture.” —Marty Barrington, Altria Chairman, CEO and President

OUR COMMITMENT TO OUR COMMUNITIES

In 2016, Altria’s 15 years companies gave 1,924 grants totaling nearly $56 million in cash and in-kind $50.3 million contributions, In 2016, the Fund gave more benefiting both than $3.8 million leading national causes to 182 grantees and important non-profits working in Altria’s Companies Employee Community Fund (ACECF) is a unique employee-giving our communities.​ program managed directly by employees – from fundraising to grantmaking. OUR CORPORATE RESPONSIBILITY PROGRESS

We actively Altria named participate in # resolving societal 4 in concerns relevant Corporate Responsibility to our businesses. Magazine’s 100 Best Corporate Citizens

In 2016, our tobacco Our companies Our companies partner companies invested are developing with diverse suppliers HELPING over $22 million in REDUCING tobacco products PROMOTING A to deliver high-quality REDUCE leading youth-serving THE HARM that may offer SUSTAINABLE goods and services by UNDERAGE organizations, which CAUSED BY lower risk for SUPPLY CHAIN communicating expectations, TOBACCO help young people TOBACCO adult tobacco monitoring and assessing USE build life skills and PRODUCTS consumers and supplier performance avoid risky behaviors. engaging with the and engaging with them FDA about them. and other stakeholders.

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