Brooke Group Changes Name to Vector Group Ltd. and Re-Elects Four Board Members At Annual Meeting.

Business Editors

MIAMI, Fla.--(BUSINESS WIRE)--May 24, 2000

Brooke Group Ltd. (NYSE NYSE

See: New York Stock Exchange :BGL BGL

The pre-July 1999 ISO 4217 currency code for Bulgarian Lev. ) today announced that it has changed its corporate name to Vector Group Ltd., after a majority of its stockholders approved the change at the annual meeting held today in Miami. The Company also announced that its stockholders re-elected Bennett S. LeBow Bennett LeBow is the Chairman of the Board and CEO of Vector Group, the holding company for, among other companies, Liggett Group Inc., the sixth largest manufacturer of cigarettes in the United States. LeBow has been affiliated with the company since 1986. , Robert J. Eide, Jeffrey S. Podell and Jean E. Sharpe to the Company's board of directors and approved the Company's 1999 Long-Term Incentive Plan.

In connection with the name change, the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. symbol for the Company's common stock will change from "BGL" to "VGR". The corporate name change will not otherwise affect the common stock.

Brooke Group is a holding company which owns Liggett Group Inc. and controlling interests in Liggett-Ducat Ltd. and New Valley Corporation.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	May 24, 2000
Words:	134
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