Half Year Report January – June 2020

Q2 sales and profit growth driven by ZYN in the US · In local currencies, sales increased by 11 percent for the second quarter. Reported sales increased by 11 percent to 4,133 MSEK (3,719). · In local currencies, operating profit from product segments[1)] increased by 19 percent for the second quarter. Reported operating profit from product segments increased by 17 percent to 1,704 MSEK (1,456). · Operating profit amounted to 1,666 MSEK (1,434) for the second quarter. · Profit after tax amounted to 1,227 MSEK (1,080) for the second quarter. · Earnings per share increased by