Vector Group Ltd. Commences 11% Senior Secured Note Exchange (VGR)

Vector Group Ltd. VGR today announced that it has commenced an offer to exchange $90 million in aggregate principal amount of its 11% Senior Secured Notes due 2015 (the “Original Notes”), which were privately placed in December 2010 pursuant to exemptions from registration under the Securities Act of 1933, as amended, for an equal amount of newly issued 11% Senior Secured Notes due 2015. The Exchange Notes will have substantially the same terms as the notes privately placed in December 2010, except that the Exchange Notes will be registered under the Securities Act.