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Reynolds American Board Declares Quarterly Cash Dividend; Elects New Director

December 4, 2008

WINSTON-SALEM, N.C., Dec. 4 /PRNewswire-FirstCall/ — The board of
directors of Reynolds American Inc. (NYSE: RAI) today declared a quarterly
cash dividend on the company’s common stock of $0.85 per share ($3.40 per
share annualized). The dividend will be payable on Jan. 2, 2009, to
shareholders of record on Dec. 15, 2008.

This is the 18th consecutive quarterly cash dividend that Reynolds
American has declared since it became a publicly traded company on July 30,
2004
. RAI’s policy is to return about 75 percent of the company’s
current-year net income to shareholders in the form of dividends.

Also during today’s meeting, Nicandro Durante was elected to serve on the
RAI board as a designee of Brown & Williamson Holdings, Inc. (B&W). Durante,
the current chief operating officer of British American Tobacco p.l.c. (BAT),
succeeds Antonio Monteiro de Castro, the recently retired chief operating
officer of BAT, who resigned from the board today. Through its B&W indirect
subsidiary, BAT is RAI’s largest shareholder, with an ownership interest of
about 42 percent. With Durante succeeding Monteiro de Castro, the RAI board
will continue to have 13 members, including five B&W designees.


                                     ABOUT US

Reynolds American Inc. (NYSE: RAI) is the parent company of R.J. Reynolds
Tobacco Company; Conwood Company, LLC; Santa Fe Natural Tobacco Company, Inc.;
and R.J. Reynolds Global Products, Inc.

— R.J. Reynolds Tobacco Company is the second-largest U.S. tobacco
company. The company’s brands include five of the 10 best-selling cigarettes
in the United States: Camel, Kool, Pall Mall, Winston and Doral.

— Conwood Company, LLC is the nation’s second-largest manufacturer of
smokeless tobacco products. Its leading brands are Kodiak, Grizzly and Levi
Garrett
. Conwood also sells and distributes a variety of tobacco products
manufactured by Lane, Limited, including Winchester and Captain Black little
cigars, and Bugler roll-your-own tobacco.

— Santa Fe Natural Tobacco Company, Inc. manufactures Natural American
Spirit cigarettes and other additive-free tobacco products, and manages and
markets other super-premium brands.

— R.J. Reynolds Global Products, Inc., directly or through others,
manufactures, sells and/or distributes American-blend cigarettes, including
Natural American Spirit, and other tobacco products to a variety of customers
in selected markets outside the United States.

Copies of RAI’s news releases, annual reports, SEC filings and other
financial materials are available at http://www.ReynoldsAmerican.com

SOURCE Reynolds American Inc.


Source: newswire



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