Investor Presentation

MENTHOL BAN & NICOTINE CAP POLICIES FAVOR VLNⓇ 02 HELPS YOU SMOKE LESS egnant W P Women May as an M av MENTHOL VLN 95% LESS NICOTINE Nicotine is addictive. Less nicotine does NOT mean disease and death. sater. All cigarettes can cause NT 22ND CENTURY GROUP FDA continues to advance its policy priorities, particularly a rule banning menthol as a characterizing flavor. VLN® Menthol King cigarettes could be the only combustible menthol cigarette on the market exempt from the menthol ban, providing a critical off-ramp for menthol smokers. 22nd Century continues to support a reduced nicotine mandate, which the science shows would help all smokers more easily quit smoking nicotine or migrate to less toxic products. 10

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