Minnesota Minimum Legal 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. 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 Carton Price: Manufacturer Price + $35.43 (cigarette stamp fee & sales tax) + $5.00 (Non-Settlement Fee as applicable) + $0.95 (Wholesale Cost of Doing Business) = Wholesale Price. Retail Carton Price: Wholesale Price + 8% (Retail Cost of Doing Business) = Retail Price. All in a wholesaler’s or retailer’s inventory must be priced to reflect these presumed prices. A wholesaler or retailer may sell for less if they can show that their actual costs of doing business are lower than the presumed minimum. The prices indicated below INCLUDE “Off-Invoice” promotions, though NOT “Buy-Down” promotions. For questions, contact the Department of Commerce, 85 7th Place East, Suite 500, St. Paul, MN 55101.

Asterisks indicate the only KNOWN price changes since NOVEMBER 18, 2016 BRAND Wholesale Carton Price Retail Carton Price Retail Pack Price ITG BRANDS / COMMONWEALTH-ALTADIS Davidoff 77.81 84.03 8.41 Fortuna 69.72 75.30 7.53 KOOL 85.22 92.04 9.21 Malibu 71.28 76.98 7.70 72.87 78.70 7.87 Montclair 67.53 72.93 7.30 Rave 69.72 75.30 7.53 Salem 85.22 92.04 9.21 Sonoma 73.58 79.47 7.95 USA Gold 75.73 81.79 8.18 Winston 85.22 92.04 9.21 GLOBAL TRADING Carnival 57.18 61.75 6.18 Time 55.68 60.13 6.02 GOOD TIMES USA, LLC Euro 56.50 61.02 6.11 JT INTERNATIONAL U.S.A., INC. (JTI) Export A 83.88 90.59 9.06 Wave 71.77 77.51 7.76 KING-MAKER MARKETING, INC. *Checkers* 61.17 66.06 6.61 *Hi Val* 60.67 65.52 6.56 INTERNATIONAL Djarum (Carton) 86.07 92.96 9.30 Dreams (Cube) 43.51 46.99 9.40 LIGGETT VECTOR BRANDS INC. Eagle 64.13 69.26 6.93 Eve 74.17 80.10 8.01 Grand Prix 68.77 74.27 7.43 Liggett 65.23 70.45 7.05 71.72 77.46 7.75 NAT SHERMAN Black & Gold 50.77 54.83 10.97 Cigarettellos 50.77 54.83 10.97 Classic (All) 50.77 54.83 10.97 Fantasia 50.77 54.83 10.97 Havana Ovals 50.77 54.83 10.97 Hint Menthol 50.77 54.83 10.97 MCD (All) 50.77 54.83 10.97 Naturals Originals (All) 50.77 54.83 10.97 Naturals King (All) 85.58 92.43 9.25 New York Cut (All) 85.58 92.43 9.25

11/22/2016 5:22 PM BRAND Wholesale Carton Price Retail Carton Price Retail Pack Price PHILIP MORRIS, USA 79.62 85.99 8.60 Benson & Hedges 90.78 98.04 9.81 Benson & Hedges (Princess Pack) 97.13 104.90 10.50 86.21 93.11 9.32 90.78 98.04 9.81 Commander 90.78 98.04 9.81 90.78 98.04 9.81 L&M 76.22 82.32 8.24 80.22 86.64 8.67 Marlboro Craft Blends 80.92 87.39 8.74 Marlboro Special Blends 80.22 86.64 8.67 Marlboro 72's 80.22 86.64 8.67 90.78 98.04 9.81 83.52 90.20 9.02 Players 90.78 98.04 9.81 Saratoga 90.78 98.04 9.81 83.92 90.63 9.07 R.J. REYNOLDS , INC. (, INC.) 80.22 86.64 8.67 Camel Non-Filter 93.46 100.94 10.10 Camel Wides 80.22 86.64 8.67 93.46 100.94 10.10 Carlton 93.46 100.94 10.10 76.22 82.32 8.24 Dunhill - All Styles 90.96 98.24 9.83 Gold Coast 73.02 78.86 7.89 GPC 79.80 86.18 8.62 86.42 93.33 9.34 93.46 100.94 10.10 Misty 73.90 79.81 7.99 Monarch 73.90 79.81 7.99 93.46 100.94 10.10 84.52 91.28 9.13 Newport Non-Menthol 70.12 75.73 7.58 Now 93.46 100.94 10.10 71.02 76.70 7.67 (Full Price) 93.46 100.94 10.10 Pall Mall (Savings) 76.22 82.32 8.24 Red Kamel 80.22 86.64 8.67 SE 555 - All Styles 90.96 98.24 9.83 93.46 100.94 10.10 86.42 93.33 9.34 93.46 100.94 10.10 SANTA FE NATURAL TOBACCO COMPANY, INC. American Spirit 89.02 96.14 9.62 American Spirit Organic 89.02 96.14 9.62 TANTUS TOBACCO, LLC Gsmoke 58.87 63.58 6.36 Main Street 59.91 64.70 6.47 Sport 59.91 64.70 6.47 WINNER CO. Signal 55.38 59.81 5.99 Winner 57.19 61.77 6.18

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