Press Release

March 9, 2004 at 12:00 AM EST

Vector Group to Host Fourth Quarter and Full Year 2003 Conference Call

Vector Group to Host Fourth Quarter and Full Year 2003 Conference Call

Vector Group to Host Fourth Quarter and Full Year 2003 Conference Call

MIAMI, FL, March 9, 2004 – Vector Group Ltd. (NYSE: VGR) will conduct a conference call and webcast to discuss fourth quarter and full year 2003 results on Tuesday, March 16, 2003, at 10:00 a.m. (EST).

Investors can access the call by dialing 877-692-2590 or via live webcast at www.vcall.com. Webcast participants should allot extra time before the webcast begins to register.

A replay of the call will also be available shortly after the call ends on March 16, 2004 through March 23, 2004. To access the replay, dial 877-519-4471 and enter 4577681 as the conference ID number. The archived webcast will also be available at www.vcall.com for 30 days.

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