EARNINGS

2005
3rd Quarter
2nd Quarter
1st Quarter

2004
4th Quarter and Full-Year Results
3rd Quarter
2nd Quarter
1st Quarter

2003
4th Quarter and Full-Year Results
3rd Quarter
2nd Quarter
1st Quarter

2002
4th Quarter and Full-Year Results
3rd Quarter
2nd Quarter
1st Quarter

2001
4th Quarter and Full-Year Results
3rd Quarter
2nd Quarter
1st Quarter



OTHER PRESS RELEASES

December 13, 2005 - Vector Group Completes Acquisition of New Valley Corporation

December 9, 2005 - Vector Group Successful in Exchange Offer for New Valley

November 22, 2005 - New Valley Special Committee Will Recommend That Shareholders Accept Vector Group's Revised Offer

November 2, 2005 - New Valley Special Committee Recommends Shareholders Reject Vector Group's Offer

October 19, 2005 - New Valley Special Committee Retains Independent Financial And Legal Advisors

September 30, 2005 - New Valley Corporation Forms Special Committee To Evaluate Vector Group Offer

September 28, 2005 - New Valley Corporation Confirms Receipt Of Vector Offer

August 10, 2005 - Starwood Hotels & Resorts Completes Sale Of St. Regis Hotel, Washington, D.C.

March 4, 2005 - New Valley Will Distribute 19,876,358 Ladenburg Thalman Shares to New Valley Stockholders

February 16, 2005 - New Valley Corporation Completes Sale of Office Buildings for $71.5 Million

December 27, 2004 - New Valley Corporation to Sell Office Buildings for $71.5 Million

March 17, 2003 - New Valley's 50%-Owned Real Estate Entity Acquires Insignia Douglas Elliman

January 30, 2003 - New Valley Corporation Announces Termination of Globalstar Acquisition Agreement

January 15, 2003 - New Valley Corporation to Provide $55 Million Financing to Globalstar in Exchange for Majority Stake

December 19, 2002 - New Valley Corporation Increases Ownership Stake in Prudential Long Island Realty

December 13, 2002 - New Valley Completes Acquisition of Princeton, N.J. Office Buildings

December 4, 2002 - New Valley Corporation to Acquire Princeton, N.J. Office Buildings for $54 Million

December 21, 2001 - New Valley to Receive $21 Million Distribution from Sale of Moscow Office Building

November 30, 2001 - New Valley Will Distribute 22,543, 158 Ladenburg Thalmann Shares to New Valley Stockholders

May 7, 2001 - New Valley and GBI Management Consummate Previously Announced Ladenburg Agreement

April 26, 2001 - New Valley and GBI Capital Management Enter into Amendments to Previously Announced Ladenburg Agreement

April 18, 2001 - New Valley and GBI Capital Management Negotiating Amendments to Previously Announced Ladenburg Agreement

February 9, 2001 - New Valley to Acquire Controlling Interest in GBI Capital Management