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 Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today 
 announced a plan to invest an additional approximately €500 million to 
 expand capacity at the company's smoke-free product manufacturing 
 facility in Crespellano (Bologna, Italy).
 
 
 The facility at Crespellano is PMI's first dedicated manufacturing 
 facility for large scale production of HEETS, the tobacco units 
 used with the electronic tobacco heating device IQOS.
 
 
 Completed in September 2016, the facility currently employs over 600 
 people with a high level of technical expertise in areas such as 
 mechanical engineering electronics and chemistry. The expansion is 
 expected to be completed by the end of 2018 and is part of the company's 
 plans to have a total annual installed capacity of approximately 100 
 billion heated tobacco units by the end of next year.
 
 
 "Last week, we announced our second greenfield facility in Dresden 
 (Germany). The expansion of our first one, in Crespellano, shows the 
 momentum of our efforts to turn PMI's vision for a smoke-free future 
 into a reality as soon as possible," said Frederic de Wilde, 
 President of PMI's European Union Region.
 
 
 Michele Cattoni, PMI's VP Technology &amp; Operations RRPs, added: "The 
 opening of the Crespellano plant represented a historic milestone in 
 PMI's commitment to replace cigarettes with better alternatives to the 
 benefit of smokers, public health and society at large. We are now 
 rapidly expanding our capacity to manufacture smoke-free products in 
 order to meet growing demand from adult smokers."
 
 
 IQOS and HEETS were first made available for adult smokers 
 in Milan in November 2014. IQOS is currently available nationwide 
 in Italy, and in key cities or nationwide in more than 25 markets around 
 the world. More than two million people have already given up smoking 
 and switched to IQOS.
 
 
 The expansion of the Bologna facility follows the announcement earlier 
 this month that PMI will invest approximately USD 320 million in a HEETS 
 production facility in Dresden, Germany, adding to the previously 
 announced investments in the conversion of cigarette manufacturing 
 facilities in Greece, Romania and Russia to HEETS production.
 
 
 IQOS is one of four scientifically substantiated smoke-free 
 product platforms that PMI is developing to address adult smoker demand 
 for better alternatives to cigarettes. Since 2008, PMI has hired more 
 than 400 scientists and experts and invested over USD 3 billion in 
 research, product development and scientific substantiation for 
 smoke-free products. The company openly shares its scientific 
 methodologies and findings for independent third-party review and 
 verification, and has published its research in over 200 articles and 
 book chapters since 2011. Results of scientific research conducted by 
 PMI to date indicate that switching completely to IQOS is likely 
 to reduce the risk of harm compared to cigarette smoking, and is a 
 better choice for those who would otherwise continue to smoke.
 
 
 Philip Morris International Inc.
 
 
 Philip Morris International Inc. (PMI) is the world's leading 
 international tobacco company, with six of the world&#39;s top 15 
 international brands and products sold in more than 180 markets. In 
 addition to the manufacture and sale of cigarettes, including Marlboro, 
 the number one global cigarette brand, and other tobacco products, PMI 
 is engaged in the development and commercialization of reduced-risk 
 products (RRPs). RRPs is the term PMI uses to refer to products that 
 present, are likely to present, or have the potential to present less 
 risk of harm to smokers who switch to these products versus continued 
 smoking. Through multidisciplinary capabilities in product development, 
 state-of-the-art facilities, and industry-leading scientific 
 substantiation, PMI aims to provide an RRP portfolio that meets a broad 
 spectrum of adult smoker preferences and rigorous regulatory 
 requirements. For more information, see <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.pmi.com&amp;esheet=51580083&amp;newsitemid=20170626005604&amp;lan=en-US&amp;anchor=www.pmi.com&amp;index=1&amp;md5=6532d495ece29ae385aeb2423305fd24" rel="nofollow" rel="nofollow">www.pmi.com</a> 
 and <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.pmiscience.com&amp;esheet=51580083&amp;newsitemid=20170626005604&amp;lan=en-US&amp;anchor=www.pmiscience.com&amp;index=2&amp;md5=083fdd1d6cb18c24c1a507a86d838292" rel="nofollow" rel="nofollow">www.pmiscience.com</a>.
 
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