Altria Group acquisitions, on the record

Word for word“On June 1, 2023, we completed our acquisition of NJOY Holdings, Inc. (“NJOY Holdings”), the parent of NJOY, for total consideration of approximately $2.9 billion (“NJOY Transaction”), which consisted of approximately $2.75 billion in cash payments (net of cash acquired) plus the fair value of certain contingent consideration.” 10-K for 2023

Word for word“For example, we currently are, or recently have been, subject to a number of governmental investigations with respect to our former investment in JUUL, which we divested in March 2023, including the following: (i) the FTC issued a Civil Investigative Demand to us while conducting its antitrust review of our former investment in JUUL seeking information regarding, among other things, our role in the resignation of JUUL’s former chief executive officer and the hiring by JUUL of any current or former Altria director, executive or employee (see Note 19 for a description of the FTC’s administrative complaint against us and JUUL); (ii) the SEC commenced an investigation relating to our acquisition, disclosures and accounting controls in connection with the JUUL investment; and (iii) the New York State Office of the Attorney General and the Commonwealth of Massachusetts Office of the Attorney General, separately, issued independent subpoenas to us seeking documents relating to our former investment in and provision of services to JUUL.” 10-K for 2023

Word for word“Interest and other debt expense, net decreased $69 million (6.5%), due primarily to higher interest income including higher rates, the sale of the IQOS System commercialization rights and favorable NPM Adjustment Items and lower interest expense due to net changes in debt, partially offset by 2023 interest expense and fees for the term loan facility associated with the NJOY Transaction.” 10-K for 2023

Word for word“On June 1, 2023, we acquired NJOY Holdings (“NJOY Transaction”), which provided us with full global ownership of NJOY’s e-vapor product portfolio, including NJOY ACE .” 10-K for 2024

Word for word“We recorded a pre-tax gain of $2.7 billion upon the assignment of the IQOS System commercialization rights to PMI in April 2024, for the year ended December 31, 2024.” 10-K for 2024

Word for word“As a result of the ABI Transaction, we recorded the following pre-tax amounts in our consolidated statement of earnings: (in millions) For the Year Ended December 31, 2024 Gain on partial sale of our investment $ 165 Transaction costs ( 62 ) Total pre-tax gain on ABI Transaction $ 103 ▪ The pre-tax gain on the partial sale of our investment was recorded in (income) losses from investments in equity securities and includes a $ 408 million gain representing the excess of the selling price of the ABI shares sold over the carrying value of those shares, partially offset by a $ 243 million reclassification of the proportionate share of our pre-tax accumulated other comprehensive losses directly attributable to ABI and our designated net investment hedges related to our investment in ABI (see Note 9. Financial Instruments and Note 15.” 10-K for 2024

Word for word“which we divested in March 2023, including the following:” 10-K for 2024