Authorization

Turning Point Brands Announces Proposed Registered Block Trade of Two Million Shares of Common Stock by Standard General

Turning Point Brands, Inc. ("TPBa?? or the "Companya??) (NYSE: TPB), a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables with active ingredients, today announced the proposed registered block trade of 2,000,000 shares of the Companya??s common stock by funds affiliated with Standard General L.P. (the "Standard General Fundsa?? or the "Selling Stockholdersa??). In addition, the Standard General Funds are expected to grant the underwriter the option to purchase up to 300,000 shares of the common stock from them to cover over-allotments, if any, which will be exercisable for two business days. The offer and sale are and will be made pursuant to the Companya??s Registration Statement on Form S-3 declared effective by the Securities and Exchange Commission (the "SECa??) on August 14, 2020 (Registration No. 333-240310).

The Company is not offering any shares of common stock in this offering and will not receive any proceeds from the sale by the Selling Stockholders of shares of the common stock.

Barclays is acting as the underwriter for the offering. The Company has filed a registration statement (including a prospectus) with the SEC, which has become effective, as well as a preliminary prospectus supplement with respect to the offering to which this communication relates. Prospective investors 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 of charge 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: Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11747, telephone: (888) 603-5847, email: Barclaysprospectus@broadridge.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the shares of Companya??s common stock or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Turning Point Brands, Inc.
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