Vector Group Announces Proposed Public Offering of 5,000,000 Shares of Common Stock

May 14, 2020

Vector Group Ltd. (NYSE: VGR) today announced that it has commenced an underwritten public offering (“the Offering”) of 5,000,000 shares of its common stock. All of the shares to be sold in the Offering will be offered by Vector Group. Vector Group expects to grant the underwriter a 30-day option to purchase up to an additional 750,000 shares of Vector Group’s common stock at the Offering price. Vector Group currently intends to use the net proceeds from the Offering for general corporate purposes. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or the actual size or terms of the Offering.

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