Half Year Report January – June 2019

Q2 sales and profit up, ZYN expansion well underway · In local currencies, sales increased by 6 percent for the second quarter. Reported sales increased by 12 percent to 3,719 MSEK (3,336). · In local currencies, operating profit from product segments1) increased by 7 percent for the second quarter. Reported operating profit from product segments increased by 13 percent to 1,458 MSEK (1,293). · Operating profit amounted to 1,434 MSEK (1,263) for the second quarter. · Profit after tax amounted to 1,080 MSEK (928) for the second quarter. · Earnings per share increased by 20