JTI - Japan Tobacco International is the international tobacco business of Japan Tobacco, the world's third largest industry player, with a global market share of 11% and market capitalization of approximately USD 50 billion. Our group was formed in 1999 when Japan Tobacco Inc. purchased, for USD 8 billion, the international tobacco operations of the US multinational R.J.Reynolds. In 2007, Gallaher, a FTSE 100 business, was acquired by Japan Tobacco for GBP 9.4 billion. At the time, this was the largest foreign acquisition by a Japanese company. In 2009, we will enter our 10th year. We are a young industry player built on solid tobacco experience and rich heritage, dating back to the 18th century.