Tobacco Documents Online

Jsnuary ~ 7 , 19 54 Philip Morris & Co. Ltu.., ''nc=T rperr:zed 100 .Pa.r .~c Avanue Nex v ~-:,rk 17, 14. Y. Dear c•ZP's: Reference is ;~~:ade tto the Registrat3.on Statement whic3ah you have filed ,rith :he weeu.x•itdes and Exchan.ge Comm3.ssiorln under the Llj2ecuri ;ies ~.ct of 1933 in respect of shares of ; our Common Stock DroDased to be issued to holders of Common Stock of Ben- son and Hedges 'Emrsuant to the Exchange Offer set forth in the Prospectus included in said Registration Statement (in c;hich .Prospeotv.s youu are sometimes referred t",o as 'the 4Com?aanp"). Thhe undersigned hereby confirm that neither vhe Reg- istratiQn S tatement nor the Prospeatus., with refereace to the information therein relating to Benson and lledges1, Tobaoco and Allied Stocks, inc., or ~.reetors or officers a.f Yither, con- tains an untrue statement of a material fact or omits to state sa material fact recuircd to be stated -thereizc or necessary to make :he statements :herein not misleading. Without limiting the generality of t-he foregoing tha undersigned confirm the correctness aft (a) The statement contained in the second paragraph of the subdivision OPrincipa3. 5tockhQlders%' under *Direetars,* Officers and Principal Stockholders"

in said P; o s tieotus 4%:~ua W"°ihe inf'o=ataon in t.1,As oo.xa-- C;raph i~as bee~. _~zrx~~.a:.i~ ~~ :~yo Company by `3en.son :~..~-~d Fied;as and Tobacco u,zd A2Ii.sd S-tocks, Inc." ~ and (b) The staWement ;.antaixa.ed in "Additiorial ra&tion," that flInformation in this Frospectus re-- latinp to BeiisQn. ~F;Lnd .ded;;as or to Tobacco €,nd Ulied Stoeks, Inc., 1has been furnished by the respective com-.)anj.es i or inclusion herein.'r The references herein to the-Reg#.stration Statement and the Prospectus ay e to the same as finally amended, Very truly ;; ours,t t~3' M-ISi N AND Ii ;~GES ~ - `,~ . ~." . C:ul~s''tIa'la j?`. A Presi denw. "T4BACCO AND ALLlM 'E`~.'OM-8t Tf 'C. os. F. Cul3,,msrz., Jr.,, President.