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Table of Contents SMOKELESS TOBACCO AND VAPOUR PRODUCTS IN VENEZUELA Headlines Prospects Other Chewing Tobacco Is the Only Variety of Smokeless Tobacco Available Chewing Chim Is A Practice Among Low-income Groups the Sale of E-cigarettes and Vapour Products Is Illegal in Venezuela Competitive Landscape Fbrica De Chim El Tigrito Leads the Category Smokeless Tobacco Is A Category Where Innovation Is Rare Smokeless Tobacco Products Are Not Advertised Category Data Table 1 Sales of Smokeless Tobacco and Vapour Products by Category: Volume 2012-2017 Table 2 Sales of Smokeless Tobacco and Vapour Products by Category: Value 2012-2017 Table 3 Sales of Smokeless Tobacco and Vapour Products by Category: % Volume Growth 2012-2017 Table 4 Sales of Smokeless Tobacco and Vapour Products by Category: % Value Growth 2012-2017 Table 5 NBO Company Shares of Smokeless Tobacco: % Volume 2013-2017 Table 6 LBN Brand Shares of Smokeless Tobacco: % Volume 2014-2017 Table 7 Distribution of Smokeless Tobacco by Format: % Volume 2012-2017 Table 8 Forecast Sales of Smokeless Tobacco and Vapour Products by Category: Volume 2017-2022 Table 9 Forecast Sales of Smokeless Tobacco and Vapour Products by Category: Value 2017-2022 Table 10 Forecast Sales of Smokeless Tobacco and Vapour Products by Category: % Volume Growth 2017-2022 Table 11 Forecast Sales of Smokeless Tobacco and Vapour Products by Category: % Value Growth 2017-2022 Executive Summary High Inflation Impacts Consumer and Manufacturer Decisions Devaluation Limits Illicit Growth Ca Cigarrera Bigott Sucs Maintains Leadership Traditional Grocery Retailers Remains the Main Distribution Channel for Tobacco Recession Is Expected To Continue Over the Forecast Period Operating Environment Legislation Summary 1 Legislation Summary at a Glance Minimum Legal Smoking Age Smoking Prevalence Tar Levels Health Warnings Plain Packaging Advertising and Sponsorship Point-of-sale Display Bans Smoking in Public Places Low Ignition Propensity (lip) Cigarette Regulation Flavoured Tobacco Product Ban "reduced Harm" Electronic Cigarettes Production/imports/exports Market Indicators Table 12 Number of Adult Smokers by Gender 2012-2017 Market Data Table 13 Sales of Tobacco by Category: Volume 2012-2017 Table 14 Sales of Tobacco by Category: Value 2012-2017 Table 15 Sales of Tobacco by Category: % Volume Growth 2012-2017 Table 16 Sales of Tobacco by Category: % Value Growth 2012-2017 Table 17 Forecast Sales of Tobacco by Category: Volume 2017-2022 Table 18 Forecast Sales of Tobacco by Category: Value 2017-2022 Table 19 Forecast Sales of Tobacco by Category: % Volume Growth 2017-2022 Table 20 Forecast Sales of Tobacco by Category: % Value Growth 2017-2022 Definitions Sources Summary 2 Research Sources

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