P R I E T O & C A R R I Z O S A

Legal counsels of Philip Morris Int. in the acquisition of up to a 100% of the outstanding common shares of Coltabaco (Leading Colombian Tobacco Company). Before the transaction, Phillip Morris´s market share in Colombia was no more than 3%. After the offer, it now has an approximately 53% market share in the Colombian tobacco industry. It is important to note that it was the largest tender offer that has ever been launched in the Bolsa de Valores de Colombia (Colombian Stock Exchange). The deal also included the participation as tax advisors for the buyer in the acquisition by Philip Morris Colombia of Colombiana de Tabaco S.A.