Swedish Match’s Board of Directors has resolved to propose special dividend

The Board of Directors of Swedish Match has resolved to propose a special dividend of 9.50 SEK per share at an extraordinary general meeting that will be held in Stockholm, Sweden, on December 16, 2016.In September, Swedish Match sold 13,000,000 shares in Scandinavian Tobacco Group for a total amount of 1,752 MSEK. Following this transaction a special dividend is proposed in accordance with Swedish Match’s financial strategy of returning excess cash not needed for its own operations to its shareholders. The special dividend, if approved, would amount to 1,763 MSEK based on the 185.5 million