Altria Group, Inc. Presents at Morgan Stanley Global Consumer & Retail Conference.

NEW YORK -- Altria Group, Inc. (NYSE: MO) Chairman and Chief Executive Officer Louis C. Camilleri will address investors today at the Morgan Stanley Global Consumer & Retail Conference at the Crowne Plaza Hotel in New York City.

The presentation is being webcast beginning at approximately 12:45 p.m. eastern standard time at www.altria.com.

Highlights of the presentation include:

* Regarding the potential restructuring of the company, Mr. Camilleri reiterated that the company's Board of Directors will finalize its decision, including the precise timing, on the spin-off of Kraft on January 31, 2007.

* Regarding tobacco litigation, Mr. Camilleri said, "The alignment of the company's business practices with society's expectations, improvements in the environment in which these cases are litigated and the strength of our defenses have brought clarity, predictability and stability to the litigation we confront."

The presentation included the following financial projections:

* Altria is projected to have net debt ex-Kraft of $2.3 billion at year-end 2006, and for the first time in the company's history, projects that cash will exceed debt in 2007 by close to $2.0 billion.

* Shareholders' equity ex-Kraft is projected at approximately $12.6 billion at the end of 2006, including an estimated $1.0 billion reduction for the combination of new pension accounting under SFAS No. 158 and tax reserve accounting under FASB Interpretation No. 48.

* Total cash flow before dividends and acquisitions for Altria ex-Kraft is forecast to reach a cumulative level of some $51 billion over the five years 2006 through 2010.

* Philip Morris USA's results to date indicate that it remains on track to meet its objectives of moderate share growth and operating companies income growth in the mid-single digits for the full year 2006.

* In Indonesia, Philip Morris International projects operating companies income of close to $600 million in 2006.

The presentation included certain non-GAAP financial measures as defined under SEC rules. A reconciliation of those measures to the most directly comparable GAAP measures can be found in the presentation materials at www.altria.com. The text of Mr. Camilleri's remarks will be posted to the same site following the presentation.

Altria Group, Inc. Profile

As of September 30, 2006, Altria Group, Inc. owned approximately 88.6% of the outstanding common shares of Kraft Foods Inc. and 100% of the outstanding common shares of Philip Morris International Inc., Philip Morris USA Inc. and Philip Morris Capital Corporation. In addition, Altria Group, Inc. owned approximately 28.7% of SABMiller plc. The brand portfolio of Altria Group, Inc.'s consumer packaged goods companies includes such well-known names as Kraft, Jacobs, L&M, Marlboro, Maxwell House, Nabisco, Oreo, Oscar Mayer, Parliament, Philadelphia, Post and Virginia Slims. Altria Group, Inc. recorded 2005 net revenues of $97.9 billion.

Trademarks and service marks mentioned in this release are the registered property of, or licensed by, the subsidiaries of Altria Group, Inc.

Forward-Looking and Cautionary Statements

This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The following important factors could cause actual results and outcomes to differ materially from those contained in such forward-looking statements.

Altria Group, Inc.'s consumer products subsidiaries are subject to changing prices for raw materials; intense price competition; changes in consumer preferences and demand for their products; fluctuations in levels of customer inventories; the effects of foreign economies and local economic and market conditions; unfavorable currency movements and changes to income tax laws. Their results are dependent upon their continued ability to promote brand equity successfully; to anticipate and respond to new consumer trends; to develop new products and markets and to broaden brand portfolios in order to compete effectively with lower-priced products; to improve productivity; and to respond effectively to changing prices for raw materials.

Altria Group, Inc.'s tobacco subsidiaries (Philip Morris USA and Philip Morris International) continue to be subject to litigation, including risks associated with adverse jury and judicial determinations, and courts reaching conclusions at variance with the company's understanding of applicable law and bonding requirements in the limited number of jurisdictions that do not limit the dollar amount of appeal bonds; legislation, including actual and potential excise tax increases; discriminatory excise tax structures; increasing marketing and regulatory restrictions; the effects of price increases related to excise tax increases and concluded tobacco litigation settlements on consumption rates and consumer preferences within price segments; health concerns relating to the use of tobacco products and exposure to environmental tobacco smoke; governmental regulation; privately imposed smoking restrictions; and governmental and grand jury investigations.

Altria Group, Inc. and its subsidiaries are subject to other risks detailed from time to time in its publicly filed documents, including its Quarterly Report on Form 10-Q for the period ended September 30, 2006. Altria Group, Inc. cautions that the foregoing list of important factors is not complete and does not undertake to update any forward-looking statements that it may make.