Lorillard, Inc. Announces Quarterly Dividend on Common Stock

         Lorillard, Inc. Announces Quarterly Dividend on Common Stock

PR Newswire

GREENSBORO, N.C., May 15, 2014

GREENSBORO, N.C., May 15, 2014 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the
third largest tobacco company in the United States, announced today the
declaration of a quarterly dividend on its common stock in the amount of
$0.615 per share. The dividend is payable on June 10, 2014 to stockholders of
record as of May 30, 2014.

About Lorillard, Inc.

Lorillard, Inc. (NYSE: LO), through its Lorillard Tobacco Company subsidiary,
is the third largest manufacturer of cigarettes in the United States. Founded
in 1760, Lorillard Tobacco is the oldest continuously operating tobacco
company in the U.S. Newport, Lorillard's flagship premium cigarette brand, is
the top selling menthol and second largest selling cigarette in the U.S. In
addition to Newport, the Lorillard product line has four additional cigarette
brand families marketed under the Kent, True, Maverick and Old Gold brand
names. These five brands include 43 different product offerings which vary in
price, taste, flavor, length and packaging. Lorillard, through its other
subsidiaries, is also a leading global electronic cigarette company, marketed
under the blu eCigs and SKYCIG brands. Newport, Kent, True, Maverick, Old
Gold, blu eCigs and SKYCIG are the registered trademarks of Lorillard and its
subsidiaries. Lorillard maintains its corporate headquarters and manufactures
all of its traditional cigarette products in Greensboro, North Carolina.

Forward-Looking Statements

Certain statements made in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995, or
the Reform Act. Forward-looking statements include, without limitation, any
statement that may project, indicate or imply future results, events,
performance or achievements, and may contain the words "expect," "intend,"
"plan," "anticipate," "estimate," "believe," "may," "will be," "will
continue," "will likely result" and similar expressions. In addition, any
statement that may be provided by management concerning future financial
performance (including future revenues, earnings or growth rates), ongoing
business strategies or prospects and possible actions by Lorillard, Inc. are
also forward-looking statements as defined by the Reform Act.

Forward-looking statements are based on current expectations and projections
about future events and are inherently subject to a variety of risks and
uncertainties, many of which are beyond our control, that could cause actual
results to differ materially from those anticipated or projected. Information
describing factors that could cause actual results to differ materially from
those in forward-looking statements is available in Lorillard, Inc.'s filings
with the Securities and Exchange Commission (the "SEC"), including but not
limited to, our Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. These filings are available from the SEC over the Internet or in hard
copy, and are available on our website at www.lorillard.com. Forward-looking
statements speak only as of the time they are made, and we expressly disclaim
any obligation or undertaking to update these statements to reflect any change
in expectations or beliefs or any change in events, conditions or
circumstances on which any forward-looking statement is based.

SOURCE Lorillard, Inc.

Website: http://www.lorillard.com
Contact: Bob Bannon, Investor Relations, (336) 335-7665
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