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You wish to enter the website which Framtiden Management Company LLC, together with its affiliates (“Framtiden” or “The Framtiden Partnerships”), has designated for the publication of documents and information concerning Framtiden’s view and position regarding the proposed takeover of Swedish Match AB (STO: SWMA) (“Swedish Match” or the “Company”) by Phillip Morris International, Inc. (NYSE:PM) (“Philip Morris”).

In order to access further information, visitors of this website are requested to confirm notice of the following legal information.

The information and documents on this website have been prepared by The Framtiden Partnerships in their capacity as shareholders in Swedish Match and shall not be regarded as investment advice. Framtiden Management Company LLC (“FMC”) is a relying adviser under Rings Capital Management LLC (“Rings”). Rings is the investment adviser to Framtiden LP and First Framtiden LP; FMC is the investment adviser to Framtiden Holdings LP. The purpose of the information and documents on this website is solely to provide information to shareholders of Swedish Match regarding Framtiden’s view on the current public takeover offer for all shares in Swedish Match by Philip Morris, which shall be evaluated independently by the shareholders of Swedish Match. Framtiden has no intentions to directly or indirectly, alone or together with someone else, exert any kind of control over Swedish Match or its operations.

The information contained on this website has not been independently verified and is subject to change without notice. Neither Framtiden, nor its representatives and affiliates or any other party, is under any obligation to update or keep current the information contained herein. Accordingly, no representation or warranty, express or implied, is made or given by or on behalf of Framtiden or any other party (or any of their respective members, directors, officers, employees or any other person) as to the accuracy, completeness or fairness of the information or opinions contained on this website, and any reliance you place on such information or opinions will be at your sole risk. Neither Framtiden nor any other party (or any of their respective members, directors, officers, employees or any other person) accepts any liability whatsoever for any loss howsoever arising from any use of the information on this website or its contents or otherwise arising directly or indirectly in connection therewith. By getting access and reading the information contained on this website, you acknowledge that you will be solely responsible for your own assessment of the market and market position of Swedish Match and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of Swedish Match and its business.

The information on this website contains forward-looking information based on the current expectations of Framtiden. Although Framtiden deems that the expectations presented by such forward-looking information are reasonable, no guarantee can be given that these expectations will prove correct. Accordingly, the actual future outcome could vary considerably compared to that stated in the forward-looking information, due to such factors as changed market conditions for Swedish Match’s products and more general factors such as business cycles, markets and competition, unforeseen commercial or operational implications attributable to Covid-19, changes in legal requirements or other political measures, and fluctuations in exchange rates. Framtiden undertakes no obligation to update such forward-looking statements. The information on this website contains market data and industry forecasts, including information related to the sizes of the markets in which Swedish Match and its subsidiaries participates. The information has been extracted from a number of sources. Unless a specific source is referenced, all market share information/data is based on Framtiden’s estimates. Although Framtiden regards these sources as reliable, the information contained in them has not been independently verified and therefore no assurance can be given that this information is accurate and complete. In addition to the above, certain data contained on this website is also derived from estimates made by Framtiden. The information and opinions contained on this website are provided as at the date of each publication only and are subject to change without notice.

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