News Release

Vector Group Declares Quarterly Cash Dividend

March 7, 2006 at 12:00 AM EST
VECTOR GROUP DECLARES QUARTERLY CASH DIVIDEND MIAMI, FL, March 7, 2006 – Vector Group Ltd. (NYSE: VGR) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. The dividend is payable on March 29, 2006 to holders of record as of March 20, 2006.

About Vector Group Ltd.
Vector Group is a holding company that indirectly owns Liggett Group Inc., Vector Tobacco Inc. and New Valley LLC. Additional information concerning the company is available on the company’s website, www.VectorGroupLtd.com.

Contact:
Paul Caminiti/Brandy Bergman/Carrie Bloom
Citigate Sard Verbinnen
212/687-8080