Half Year Report January – June 2022

· Group sales and operating profit increased strongly on the back of continued solid momentum for the US smokefree business and currency tailwind. · Group sales increased by 23 percent to 5,561 MSEK (4,505). In local currencies, Group sales increased by 11 percent for the second quarter. · Group operating profit increased to 2,227 MSEK (1,956). · Operating profit from product segments increased by 14 percent to 2,271 MSEK (1,988). In local currencies, operating profit from product segments[1)] increased by 1 percent for the second quarter. · In local currencies, operating profit