BAT Investor Conference Presentation Deck

glo 0% -25% -50% -75% -100% Biomarker of Potential Harm Responses Similar to Cessation in 90 day study* Magnitude of change relative to cessation Inflammation Cardio Cardio Lung Lung Lung Oxidative Cardio Stress Function 1 Function 2 Function 3 Function 1 Function 2 Function 3 glo Target zone Carcinogenesis BAT 100% = A BETTER TOMORROW Biologically Significant Equivalent To Cessation Nathan Gale, BSc, Michael McEwan, PhD, Oscar M Camacho, MSc, George Hardie, MSc, James Murphy, PhD, Christopher J Proctor, PhD. Changes in Biomarkers of Exposure on Switching From a Conventional Cigarette to the glo Tobacco Heating Product: A Randomized, Controlled Ambulatory Study. Nicotine & Tobacco Research, Volume 23, Issue 3, March 2021, Pages 584-59. *gloTM is not risk-free and contains nicotine, an addictive substance. 36

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