RJR NABISCO News Release
CONTACT: Carol Makovich
(212) 258-5785
NEW YORK, NEW YORK -- December 11, 1995 -- RJR Nabisco Holdings Corp. today
issued the following statement:
The letter sent today by Mr. LeBow to our company's shareholders is
simply bizarrre.
Mr. Goldstone, the company's president and chief executive officer,
has never expressed "strident opposition" to a spin-off of Nabisco and, in
fact, has said just the opposite, reiterating the board's support of such a
transaction when it is in the best interests of shareholders.
Mr. Goldstone's comments on the company's commitments regarding the
timing of a potential spin-off of Nabisco broke no new ground and are, in fact
consistent with the company's previously published summaries of its
commitments on this issue.
Today's letter from Mr. LeBow underscores his reckless attitude
toward the shareholders of RJR Nabisco and underscores the fact that his
agenda is in conflict with the interests of the company's shareholders.
Simply put, Mr. LeBow wants control of the company in order to unload his
poorly performing tobacco company on RJR Nabisco's shareholders on terms that
will only benefit him and his associate Carl Icahn.
CERTAIN ADDITIONAL INFORMATION: RJR Nabisco Holdings Corp. will be soliciting
revocations of consents to the proposals of Brooke Group, Ltd. The following
individuals may be deemed to be participants in the solicitation of
revocations of consents by RJR Nabisco Holdings Corp.: RJR Nabisco Holdings
Corp.; John T. Chain, Jr.; Julius L. Chambers; John L. Clendenin; Steven F.
Goldstone; H. John Greeniaus; Ray J. Groves; Charles M. Harper; James W.
Johnston; John G. Medlin, Jr.; Robert S. Roath; Rozanne L. Ridgway; and Huntley
R. Whitacre. As of October 31, 1995, Mr. Chain is the beneficial owner of
8,393 shares of the company's common stock; Mr. Clendenin is the beneficial
owner of 6,846 shares of the company's common stock; Mr. Greeniaus is the
beneficial owner of 126,308 shares of the company's common stock; Mr. Groves
is the beneficial owner of 7,000 shares of the common stock; Mr. Harper is the
beneficial owner of 524,882 shares of the company's common stock; Mr. Johnston
is the beneficial owner of 114,381 shares of the company's common stock; Mr.
Medlin is the beneficial owner of 7,259 shares of the company's common stock;
Mr. Roath is the beneficial owner of 44,205 shares of the company's common
stock; Mr. Ridgway is the beneficial owner of 6,393 shares of the company's
common stock; and Mr. Whitacre is the beneficial owner of 27,891 shares of the
company's common stock.
