Philip Morris International Inc. Increases Quarterly Dividend 17.4% to $0.54 Per Share

NEW YORK--(BUSINESS WIRE)--Aug. 29, 2008--Regulatory News:

The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today increased the company's regular quarterly dividend by 17.4%, to an annualized rate of $2.16 per common share.

The new quarterly dividend of $0.54 per common share, up from $0.46 per common share, is payable on October 10, 2008, to stockholders of record as of September 15, 2008. The ex-dividend date is September 11, 2008.

For more details on stock, dividends and other information, see www.pmintl.com/investors.

About Philip Morris International

Philip Morris International (PMI) (NYSE/Euronext Paris: PM) is the leading international tobacco company, with seven of the world's top 15 brands including Marlboro, the number one cigarette brand worldwide. PMI has more than 75,000 employees and its products are sold in approximately 160 countries. The Company held an estimated 15.6% share of the international cigarette market outside of the United States in 2007. For more information, see www.pmintl.com.

CONTACT: Investor Relations:
Philip Morris International
New York: 917-663-2233
Lausanne: +41 (0)58 242 4666

SOURCE: Philip Morris International