Page 6: of Maritime Reporter Magazine (May 1977)

This advertisement is neither an offer to sell nor a solicitation of offers to buy any of these securities.

The offering is made only by the Prospectus.

April 7,1977 900,000 Shares

R. J. Reynolds Industries, Inc.

Common Stock ($S Par Value)

The above shares of Common Stock are being acquired by the several Underwriters follow- ing the purchase by the Underwriters of 600,000 shares of $2.25 Convertible Preferred Stock of R. T. Reynolds Industries, Inc. from a stockholder of the Company and the conversion by the Underwriters of the preferred shares into shares of Common Stock of the Company. Each share of Preferred Stock is convertible into 1.5 shares of Common Stock on the surrender of the preferred share and payment to the Company of $22 in cash. The Company will receive only those proceeds resulting from the cash payment upon conversion of the Preferred Stock.

Price $63.75 per share

Copies of the Prospectus may be obtained from any of the several underwriters, including the undersigned, only in States in which such underwriters are qualified to act as dealers in securities and in which the Prospectus may legally be distributed.

The First Boston Corporation

Dillon, Read & Co. Inc. Bache Halsey Stuart Inc. Blyth Eastman Dillon & Co. Donaldson, Lufkin & Jenrette

Incorporated Securities Corporation

Drexel Burnham Lambert

Incorporated

Kidder, Peabody & Co.

Incorporated

Loeb Rhoades & Co. Inc.

Reynolds Securities Inc.

Warburg Paribas Becker Inc.

Hornblower & Weeks-Hemphill,Noyes

Incorporated

Kuhn Loeb & Co.

Incorporated

Lazard Freres & Co.

E. F. Hutton & Company Inc.

Lehman Brothers

Incorporated

Merrill Lynch, Pierce, Fenner & Smith

Incorporated

Salomon Brothers

Paine, Webber, Jackson & Curtis

Incorporated

Smith Barney, Harris Upham & Co.

Incorporated

Wertheim & Co., Inc. White, Weld & Co.

Incorporated

Shearson Hayden Stone Inc. 8 Maritime Reporter/Engineering News