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

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

Highlights of the presentation include:

-- Altria Group, Inc. reaffirmed its previously disclosed earnings guidance at the high end of a range of $5.05 to $5.10 per share for the full year 2005, representing growth of up to 11.6% in diluted earnings per share from continuing operations. "This is despite the current strength of the U.S. dollar, which, if sustained, will prove challenging in 2006," Mr. Camilleri said.

-- Regarding the potential restructuring of the company, Mr. Camilleri said, "While the precise timing of key decisions and their chronology remain uncertain, we remain committed to its pursuit and we have dedicated much attention to assuring executional readiness." He also reiterated that such a restructuring would only be pursued if the litigation environment taken as a whole evolved as anticipated.

-- Regarding tobacco litigation, Mr. Camilleri said, "Recent litigation and legislative developments have served to reinforce our belief that the climate continues to evolve favorably and that greater clarity is slowly but surely emerging."

-- Altria projects more than $54 billion in cumulative cash flow, with Kraft on a cash basis and before acquisitions and dividends, in the five years through 2009, and remains committed to using that cash to deliver superior returns to shareholders, Mr. Camilleri said.

The presentation includes certain non-GAAP financial measures asdefined under SEC rules. A reconciliation of those measures to themost directly comparable GAAP measures can be found in thepresentation materials at www.altria.com. The text of Mr. Camilleri'sremarks will be posted to the same site following the presentation.

Altria Group, Inc. Profile

Altria Group, Inc. owns approximately 86.5% of the outstandingcommon shares of Kraft Foods Inc. and 100% of the outstanding commonshares of Philip Morris International Inc., Philip Morris USA Inc. andPhilip Morris Capital Corporation. In addition, Altria Group, Inc. hasa 28.7% economic interest in SABMiller plc. The brand portfolio ofAltria Group, Inc.'s consumer packaged goods companies includes suchwell-known names as Kraft, Jacobs, L&M, Marlboro, Maxwell House,Nabisco, Oreo, Oscar Mayer, Parliament, Philadelphia, Post andVirginia Slims. Altria Group, Inc. recorded 2004 net revenues of $89.6billion.

Trademarks and service marks mentioned in this release are theregistered property of, or licensed by, the subsidiaries of AltriaGroup, Inc.

Forward-Looking and Cautionary Statements

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

Altria Group, Inc.'s consumer products subsidiaries are subject tochanging prices for raw materials; intense price competition; changesin consumer preferences and demand for their products; fluctuations inlevels of customer inventories; the effects of foreign economies andlocal economic and market conditions; and unfavorable currencymovements or changes to income tax laws. Their results are dependentupon their continued ability to promote brand equity successfully; toanticipate and respond to new consumer trends; to develop new productsand markets and to broaden brand portfolios in order to competeeffectively with lower-priced products; to improve productivity; andto respond effectively to changing prices for their raw materials.

Altria Group, Inc.'s tobacco subsidiaries (Philip Morris USA andPhilip Morris International) continue to be subject to litigation,including risks associated with adverse jury and judicialdeterminations, courts reaching conclusions at variance with thecompany's understanding of applicable law, bonding requirements andthe absence of adequate appellate remedies to get timely relief fromany of the foregoing; price disparities and changes in pricedisparities between premium and lowest-price brands; legislation,including actual and potential excise tax increases; increasingmarketing and regulatory restrictions; the effects of price increasesrelated to excise tax increases and concluded tobacco litigationsettlements on consumption rates and consumer preferences within pricesegments; health concerns relating to the use of tobacco products andexposure to environmental tobacco smoke; governmental regulation;privately imposed smoking restrictions; and governmental and grandjury investigations.

Altria Group, Inc. and its subsidiaries are subject to other risksdetailed from time to time in its publicly filed documents, includingits Quarterly Report on Form 10-Q for the period ended September 30,2005. Altria Group, Inc. cautions that the foregoing list of importantfactors is not complete and does not undertake to update anyforward-looking statements that it may make.