Universal Corporation Announces Quarterly Dividends and Sets Annual Meeting Date

 Universal Corporation Announces Quarterly Dividends and Sets Annual Meeting
                                     Date

PR Newswire

RICHMOND, Va., May 21, 2013

RICHMOND, Va., May 21, 2013 /PRNewswire/ -- George C. Freeman, III, Chairman,
President, and Chief Executive Officer of Universal Corporation (NYSE: UVV),
announced today that the Company's Board of Directors declared a quarterly
dividend of fifty cents ($0.50) per share on the common shares of the Company,
payable August 12, 2013, to common shareholders of record at the close of
business on July 8, 2013.

In addition, the Board of Directors declared a quarterly dividend of $16.875
per share on the Series B 6.75% Convertible Perpetual Preferred Stock, payable
June 17, 2013, to shareholders of record as of 5:00 p.m. Eastern Time on June
1, 2013.

The Board of Directors set the date of the Annual Meeting of Shareholders as
Tuesday, August 6, 2013. It will be held at 2:00 p.m. at the Company's
headquarters building. The Board of Directors set the record date for the
Annual Meeting of Shareholders as June 14, 2013.

Headquartered in Richmond, Virginia, Universal Corporation is the leading
global leaf tobacco supplier and conducts business in more than 30 countries.
Its revenues for the fiscal year ended March 31, 2012, were $2.4 billion. For
more information on Universal Corporation, visit its website at
www.universalcorp.com.

SOURCE Universal Corporation

Website: http://www.universalcorp.com
Contact: Candace C. Formacek, Phone: (804) 359-9311, Fax: (804) 254-3584,
investor@universalleaf.com