Turning Point Brands Announces Proposed Secondary Offering of Two Million Shares of Common Stock by its Significant Stockholders

Turning Point Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a leading provider of Other Tobacco Products and adult consumer alternatives, today announced the proposed underwritten public offering of 1,800,000 shares of Company common stock by Standard Diversified Inc. (“SDI”) and an aggregate of 200,000 shares of Company common stock by funds affiliated with Standard General L.P. (the “Standard General Funds” and, together with SDI, the “Selling Stockholders”). Such offer and sale are and will be made pursuant to that certain Registration Statement on Form S-3 declared effective by the Securities and Exchange Commission on July 20, 2017 (Registration No. 333-219114). The Standard General Funds are expected to grant the underwriter the option to purchase up to an additional 215,000 shares of the Company’s common stock from them to cover over-allotments, which will be exercisable for two business days after the pricing of the offering.

The Company will not receive any proceeds from the sale by the Selling Stockholders of shares of the Company’s common stock. SDI will use the proceeds it receives to repay its outstanding indebtedness ahead of its merger with a wholly-owned subsidiary of the Company (the “Merger”), and the remainder to repurchase shares of its own stock from the Standard General Funds or their affiliates, in a manner intended to preserve the exchange ratio for holders of SDI shares in connection with the Merger.

Cowen is acting as underwriter for the offering. The Company has filed a registration statement (including a prospectus) with the SEC as well as a preliminary prospectus supplement with respect to the offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the prospectus in the registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may get these documents free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Company, the underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement (or, when available, the final prospectus supplement) and the accompanying prospectus upon request to: Cowen, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department, by email at [e-mail] or by telephone at [phone].