RJR Executives Establish Stock Trading Plans

RJR Executives Establish Stock Trading Plans 


WINSTON-SALEM, N.C., Dec. 4  /PRNewswire-FirstCall/ -- Two executive officers of
R.J. Reynolds Tobacco Holdings, Inc.  have established stock trading plans under
Rule 10b5-1 of the Securities and Exchange Act of 1934.

Tommy J. Payne, executive vice president - external relations for RJR, and Lynn
J. Beasley, president and chief operating officer of R.J. Reynolds Tobacco
Company, filed plans to sell restricted shares issued to them as part of RJR's
long-term incentive program.  The shares were granted in January 2001, will vest
in January 2004, and be sold thereafter.  The final number of shares vesting is
contingent upon RJR and its subsidiaries meeting certain performance measures
and will be determined at year-end 2003, but is not expected to exceed 18,000
shares in aggregate.

In addition, Payne established 10b5-1 plans to sell shares acquired upon the
exercise of 20,000 tandem stock options granted to him in 1999 and 3,726 options
granted to him in 1996, as well as 4,000 additional shares he currently holds.

In compliance with RJR's share-ownership guidelines, after the sale of shares
under these 10b5-1 plans, both executives will continue to own shares of RJR
stock equal to at least 25 percent of the original number of restricted shares
granted to them since the company became public in 1999.

Rule 10b5-1 plans permit individuals who are not in possession of material
nonpublic information to establish prearranged plans to buy or sell company
stock.  The rule allows individuals adopting such plans to sell shares over a
specified period of time or at a specific price in the future, regardless of any
subsequent material nonpublic information they receive.

R.J. Reynolds Tobacco Holdings, Inc. is the parent company of R.J. Reynolds
Tobacco Company and Santa Fe Natural Tobacco Company, Inc.  R.J. Reynolds
Tobacco Company is the second-largest tobacco company in the United States,
manufacturing about one of every four cigarettes sold in the United States. 
Reynolds Tobacco's product line includes four of the nation's 10 best-selling
cigarette brands:  Camel, Winston, Salem and Doral.  Santa Fe Natural Tobacco
Company, Inc. manufactures Natural American Spirit cigarettes and other tobacco
products, and markets them both nationally and internationally.  Copies of RJR's
news releases, annual reports, SEC filings and other financial materials are
available on the company's website, http://www.rjrholdings.com/ . 

DATASOURCE: R.J. Reynolds Tobacco Holdings, Inc.



CONTACT:  Media, Seth Moskowitz, [phone], or Investors, Carole

Biermann Wehn, [phone], both of R.J. Reynolds Tobacco Holdings, Inc.



Web site:  http://www.rjrt.com/

http://www.rjrholdings.com/ 

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