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                                                                    EXHIBIT 99.2


FOR IMMEDIATE RELEASE



                               Contact:  George Sard/Anna Cordasco/Paul Caminiti
                                         Sard Verbinnen & Co
                                         212/687-8080

           LIGGETT TO REDEEM SENIOR SECURED NOTES ON DECEMBER 28, 1998
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      MIAMI, FL, NOVEMBER 25, 1998 -- Brooke Group Ltd. (NYSE: BGL) today
announced that its wholly owned subsidiary, Liggett Group Inc., will call for
redemption on December 28, 1998 all of its outstanding 11.50% Series B and
19.75% Series C Senior Secured Notes due 1999. On the redemption date, the
$144.9 million principal amount of the Senior Secured Notes will be redeemed for
100% of the principal amount plus accrued interest.

      The redemption will be funded with the initial cash payment of $150
million to be paid by Philip Morris Inc. in connection with the previously
announced agreement for the purchase by Philip Morris of options to buy three of
Liggett's cigarette brands for $300 million in cash.

      Brooke Group is a holding company which owns Liggett Group Inc. and
controlling interests in Liggett-Ducat Ltd. and New Valley Corporation.




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