Swedish Match — Capital/Financing Update 2016

Jan 29, 2016

26 January 2016

SWEDISH MATCH AB (pubi)

Issne of SEK 500,000,000 1.875 per cent. Fixed Rate Notes due ²⁹ January ²⁰²¹ under the €1,500,000,000 Global Medium Term Note Programme

PART A -CONTRACTUAL TERMS

Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Offering Circular dated ¹¹ September ²⁰¹⁵ (the Offering Circular) which constitutes ^a base prospectus for the purposes of the Prospectus Directive. This document constitutes the final Terms of the Notes described herein for the purposes of Articie 5.4 of the Prospectus Directive and must be read in conjunction with the Offering Circular. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Offering Circular. The Offering Circular has been published on the website of the London Stock Exchange through ^a regulatory information service (www. londonstockexchange.comlexchange/news/market-news/market-news home.html).

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2.	(i)	N be Se rie um r: s	38
	(ii )	ch N be Tr um r: an e	1
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4.	in al A N nt A te m ou : om gg re ga
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6.	(i)	io fi ed in S ci D at om ns : pe en	0 1, 00 0, 00 SE K
	(ii )	A C ai la tio nt : n m ou cu	1, 00 0, 00 0 SP K
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12	io Pu t/C al l O pt ns :	N A lic ab le ot pp
13	is ob in ed al fo of N B rd ta D ot : at su an ce es ap pr ov r e oa	A lic ab le N ot pp

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14	R N Pr is io Fi d at ot e ov ns xe e		A lic ab le pp
	of In (i) R e( s) te st at re : t D e( s) (ii ) In Pa at te st : re ym en		ch bl in 1. 87 5 nt ar re ar on ea pe r an nu m pa ya e pe r ce , t D In Pa at te st ym en e re
			in ci ud in in fr d 29 29 Ja ch an g ye ar om nu ar y ea , M it D 20 17 d in ci ud in th Ja at at to e g ur y nu ar up an e y
	(ii i)	Fi d C A (s ): nt m ou xe ou po n	C ai la tio A SE 18 50 K ,7 nt pe r cu n m ou
	(iv )	ke A (s ): B nt ro n m ou	lic ab le N A ot pp
	(v )	tio C Fr D nt ou ac n: ay	30 /3 60 d ju ed st , u na
	(v i)	e( s) D in io D at et at : er m n	N A lic ab le ot pp
15	fl tin oa g	Pr is io R N at ot ov ns e e	A lic ab le N ot pp
16	C Ze ro	N Pr is io ot e ov ns ou po n	A lic ab le N ot pp
O PR V	IS IO S N	PT IO N A T IN G R E D E M R E L T O
17	C Is su er	al l	A lic ab le N ot pp
1\$	In Pu st t ve or		lic ab le N A ot pp
19	of C ol Pu C ha tr t ng e on		A lic ab le pp
20	fi l R na	A ed io nt pt em n m ou	A 1, 00 0, 00 0 C ai la tio SE K nt cu n m ou pe r
21	la rl R y de pt re m de fa ul t:	bl A of ch N ed io nt ot pt e pa ya e on m ou ea em n of fo tio io t ta ev en re as on s or on n r xa n	C ai la tio A SE K 1, 00 0, 00 0 nt m ou pe r cu n

GENERAL PROVISIONS APPLICABLE TO THE NOTES

22	of fo N ot rm es	B N ot ea re r es
		ch ab le fo G lo ba l T B N ot r ex an ge a em po ra ry ea re r e lo ba l hi ch is B G B N Pe ot t ea re r e w rm an en ea re r de fin iti l ch ab le fo B N ot on up on ve ea re r es y ex an ge r E ha Ev t. an xc ng e en
23	Fi ia l C e( s) A dd iti al tr en on na nc	TA R G E T 2
		N o

1. Talons for future Coupons to be attached to Definitive Bearer Notes:

TUIRD PARTY INFORMATION

Not Applicable

Signed on behaif of Swedish Match AB (pubi):

By: b...... Duly authorised tfrfri rseIJf f?ec4rc /

PART 3- OTHER INFORMATION

LISTING AND ADMISSION TO TRÄDING

(i)	ad in is si d A dm L is to tr g: tm on g an	ad th Is (o ed b io is be A lic to ct su er r on at m e y e pe pp n ex ed ad in ad itt th be tr be ha if ) fo N to its ot to g m on es r e la d ke d ha e' do St k E te t L th m ar an re gu xc ng s on n oc e ri th L is tin A ho ia l is of U K ty th O ff ic L ut lis tin t g e g on e he D ab Is ith ef fe fr at t t ct e e. ou su om or w
(ii )	ad is si la d l to of te to E im on to ta m st at pe ns es re ex e ad in tr g:	0 G B P 1, 75
2.	A T IN G S R
	in R at gs	d: ed be ed be is ct to te Th N ot to ra ar e ex pe su e es
		ke Se ic E C di M rd & Po 's t St da t es ur op e ar rv or re an ite d: B B B Li m
		ke Se ic E C di M rd & Po 's t St da t e rv es ur op ar or re an ni d U bl is he d in th E im ite d is L ar e ta op ea n on an ur es e 00 9 10 60 /2 (a ul io (E C ) N ed de R gi at s st n o. eg er un r re de d) am en

3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE

Save for any fees payable to Nordea Bank Danmark AlS (the Dealer), so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Dealer and its affihiates have engaged, and may in the future engage, in investment banking an&or commercial banking transactions with, and may perform other services for, the Issuer and its affihiates ni the ordinary course of business.

4. YIELD

Indication of ^yield: 1.990 per cent.

The ^yield is caiculated at the Issue Date on the basis of the Issue Price. It is not an indication of future yield.

5. OPERATIONAL INFORMATION

(i)	IS 1E :	19 00 3 X 51 35 38
(ii )	C od C e: om m on	0 13 53 81 90
(ii i)	) he th D T C ri (s cl ot A st an em r ea ng sy ny , d C le k S. A .IN .V le B st E ar re am an ar an ur oc le d th ci ét é nt B ld va an re an on ym e e an ng so , be r( s) id tif ic io at : n nu m en	ab le A lic N ot pp
(iv )	yi ad di tio l Pa ad dr of d N na ng se s es an es am (i f a ): A (s ) nt ge ny	lic ab le N A ot pp
(v )	is R tr ar : eg	lic ab le N A ot pp

6. DISTRIBUTION

U.S. Selling Restrictions: Reg. ^S Compliance Category 2; TEFRA ^D