End of Stabilisation Period for IPO of Logista

NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA OR JAPAN OR IN ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

Imperial Tobacco Group PLC announces the full exercise of the over-allotment option and the end of the stabilisation period for the IPO of Logista

23 July 2014

Imperial Tobacco Group PLC ("Imperial Tobacco") announces the full exercise of the over-allotment option by Credit Suisse Securities (Europe) Limited, and the end of the stabilisation period for the IPO of Compañía de Distribución Integral Logista Holdings, S.A.U ("Logista")

In connection with the offer of existing shares of Logista by Altadis S.A.U. (the "Selling Shareholder") to qualified investors (the "Offer"), Credit Suisse Securities (Europe) Limited, in its capacity as stabilisation agent, has informed Logista today of the exercise in full of the over-allotment option granted by the Selling Shareholder over 3,620,454 shares of Logista (equivalent to 10% of the shares of the initial Offer).

The price for the shares subject to the over-allotment option is the same as the Offer price, of 13.00 euros per share.

The Selling Shareholder is an indirect wholly-owned subsidiary of Imperial Tobacco. Following the IPO and the exercise in full of the over-allotment option, which represent an aggregate offer size of 39,824,999 shares of Logista, Imperial Tobacco will hold approximately 70.0% of the share capital of Logista. Logista and the Selling Shareholder are subject to a 180 day lock-up period.

The full details of the IPO are disclosed in the prospectus approved by the Comisión Nacional del Mercado de Valores on 26 June 2014 and are published on Logista's website (www.grupologista.com).

Read a separate release from Logista http://www.logista.com/en/inversores

Contacts:

Tom Corran, Director of Investor Communication

Imperial Tobacco Group PLC

+44 (0)117 933 7510

Alex Parsons, Director of Group Communications

Imperial Tobacco Group PLC

+44 (0)117 933 7241

Notes to editors:

Logista, led by CEO Luis Egido Gálvez, is the leading integrated tobacco distribution and logistics company in Southern Europe, with a market share exceeding 95% in Spain, Portugal, Italy and France (as a whole) in terms of tobacco volumes distributed (which represent approximately 194,578 million cigarettes and stick equivalents) in 2013 and is the trusted logistics partner in these markets for all the major tobacco manufacturers. Its core business has evolved from distributing tobacco for tobacco companies to tobacconists on a national basis (who typically operate in a retail monopoly model in the markets where Logista operates) to a competitive distribution and logistics business providing a broad spectrum of additional products and value-added services to different channels, including tobacco accessories, convenience goods, documents and e-transactions (such as mobile phone and transportation card top-ups), pharmaceutical products, books, publications and lottery games.

Logista combines its services in a flexible manner to meet diverse customer requirements. It also provides value-added and advanced customer services that are adaptable to its customers' needs, regulatory requirements and industry standards in the relevant sector. Logista's value proposition is premised on its ability to provide standard logistics, wholesaling, value-added and advanced customer services across the logistics value chain, resulting in synergies and economies of scale for its customers, allowing its customers to focus on their core business operations rather than dealing with multiple service providers.

In order to provide these services, Logista relies on a complete infrastructure network that covers the entire supply chain, from pick-up of products to the delivery to points-of-sale. As of March 31, 2014, its warehousing network consisted of 405 warehouses, including 42 central and regional warehouses and 363 local warehouses comprising, in aggregate, over 1 million square meters of warehousing space.

During the year ended September 30, 2013, Logista distributed to over 300,000 delivery points in Spain, Portugal, France, Italy and Poland and completed approximately 35 million deliveries. Its customers are primarily tobacco manufacturers, telecom companies, FMCG companies, pharmaceutical companies and publishing companies. Logista contracts with these manufacturers to fill orders from points-of-sale in a variety of distribution channels, including tobacconists, kiosks, bookshops, petrol stations, hospitals and pharmacies, convenience stores and HORECA.

For the six months ended March 31, 2014 and the year ended September 30, 2013, Logista generated revenue of €4,581.8 million and €9,862.8 million, gross profit of €516.0 million and €1,011.5 million and profits before tax of €65.8 million and €118.9 million. Total assets were €5,869.8 million as at March 31, 2014.

Legal disclaimer

This announcement is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, into or in the United States, Canada or Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy any securities of Compañía de Distribución Integral Logista Holdings, S.A.U. (the "Company", and such securities, the "Securities") in the United States, Canada or Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.

The Securities are not and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and will also not be registered with any authority competent with respect to securities in any state or other jurisdiction of the United States. The Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act. There will be no public offering of Securities in the United States. Any Securities sold in the United States will be sold only to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act).

In the United Kingdom, this announcement and any other materials in relation to the Securities described herein are only being distributed to, and are only directed at, and any investment or investment activity to which this announcement relates are available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Persons who are not relevant persons should not take any action on the basis of this announcement and should not act or rely on it.

In Australia this announcement is for distribution only to professional or sophisticated investors (i.e. those persons to whom offers can be made without a disclosure document, in accordance with sections 708(8) and (11) of the Corporations Act 2001 (Cth)) who are "wholesale clients" within the meaning of section 761G of the Corporations Act 2001 (Cth). Persons who are not wholesale clients and either a professional or sophisticated investor should not take any action on the basis of this announcement and should not act or rely on it.

The Company has not authorised any offer to the public of Securities in any Member State of the European Economic Area.

This communication is an advertisement for the purposes of Article 15 of Prospectus Directive 2003/71/EC and Article 28 of Spanish Royal Decree 1310/2005 of 4 November (Real Decreto 1310/2005 de 4 de Noviembre). Investors should not purchase any Securities referred to in this announcement except on the basis of information in the international offering memorandum prepared by the Company in connection with the offering or the prospectus approved by the CNMV relating to the offering and admission to listing of shares of the Company on the Spanish Stock Exchanges.

Copies of the prospectus are available to investors at the Company's registered office in Spain and on the website of the Company (www.grupologista.com).

With respect to any Member State of the European Economic Area which has implemented the Prospectus Directive (each a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of Securities requiring publication of a prospectus in any Relevant Member State. As a result, the Securities may only be offered in Relevant Member States (i) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (ii) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the Securities to be offered so as to enable the investor to decide to exercise, purchase or subscribe for the securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State.

No action has been taken by the Company that would permit an offer of Securities or the possession or distribution of this announcement or any other offering or publicity material relating to such Securities in any jurisdiction where action for that purpose is required.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which they are released, published or distributed, should inform themselves about, and observe, such restrictions.

Credit Suisse Securities (Europe) Limited and Goldman Sachs International and the other underwriters will act exclusively for the Company and no-one else in connection with any offering of the Securities and will not be responsible to anyone other than the Company for providing the protections afforded to the customers of Credit Suisse Securities (Europe) Limited and Goldman Sachs International or such other underwriters or for providing advice in relation to any offering or any transaction or arrangement referred to herein.