Exhibit 12.1

VECTOR GROUP LTD.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Thousands, Except Ratios)

(Unaudited)

	Six Months Ended June 30,				Year Ended December 31,
	2013		2012		2012		2011		2010		2009		2008
Earnings as defined:
Pre-tax income (loss)	21,512		(6,054	)	53,717		123,157		85,570		28,537		94,572
Distributions from investees	2,891		5,207		19,169		9,322		12,212		6,715		13,741
Interest expense	81,421		87,709		132,538		93,939		72,572		104,415		37,998
(Income) in equity of affiliate	(7,285	)	(8,095	)	(29,764	)	(19,966	)	(23,963	)	(15,213	)	(24,399	)
Interest portion of rental expense (1)	1,010		704		1,367		1,438		1,223		1,301		1,275
Total earnings	99,549		79,471		177,027		207,890		147,614		125,755		123,187
Fixed charges as defined:
Interest expense	81,421		87,709		132,538		93,939		72,572		104,415		37,998
Interest portion of rent expense (1)	1,010		704		1,367		1,438		1,223		1,301		1,275
Total fixed charges	82,431		88,413		133,905		95,377		73,795		105,716		39,273
Ratio of earnings to fixed charges	1.21		0.9		1.32		2.18		2.00		1.19		3.14

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(1) One-third of rent expense is the portion deemed representative of the interest factor.