BAT Investor Conference Presentation Deck

Accelerating New Category Growth and Profitability BAT A BETTER TOMORROW Vapour "' vuse Establishing Vuse as the global leader* in Vapour, with a clear pathway to profitability THP glo Leveraging improved consumer satisfaction & innovation pipeline to be the fastest growing** THP brand Modern Oral VELO Leveraging superior international products & accelerate US growth for global leadership** in Modern Oral *Value share basis. ** Volume share basis. Vuse brand represents c. 80% of FY20 vapour revenue. Continue to migrate remaining Vype brands during 2021. Velo brand represents over 50% of FY20 Modern Oral markets. Continue to migrate remaining EPOK, LYFT brands during 2021. 27

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