CORRECTING and REPLACING Vector Group Declares Quarterly Cash Dividend

Grants Stockholders Additional 5% Stock Dividend

First paragraph, third sentence of release should read: Both the quarterly cash and the annual stock dividends are payable on September 29, 2015 to holders of record as of September 16, 2015 (instead of: Both the quarterly cash and the annual stock dividends are payable on September 29, 2014 to holders of record as of September 16, 2014).

The corrected release reads:

VECTOR GROUP DECLARES QUARTERLY CASH DIVIDEND

Grants Stockholders Additional 5% Stock Dividend

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. Additionally, the Company declared its regular annual stock dividend of 5% for the 17th consecutive year. Both the quarterly cash and the annual stock dividends are payable on September 29, 2015 to holders of record as of September 16, 2015.

Vector Group is a holding company that indirectly owns Liggett Group LLC, Vector Tobacco Inc. and Zoom E-Cigs LLC and directly owns New Valley LLC, which owns a controlling interest in Douglas Elliman Realty, LLC. Additional information concerning the company is available on the Company's website, www.VectorGroupLtd.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150902006431/en/

For Vector Group Ltd.Sard Verbinnen & CoPaul Caminiti/Emily Deissler, 212-687-8080