BAT Investor Conference Presentation Deck

Social Acceptability We are exploring Beyond Nicotine: Leveraging Strengths in "On The Go Wellbeing & Stimulation" Beyond "On the Go Nicotine: Wellbeing & Stimulation" New Nicotine Categories Tobacco Less Usage Regain Additional Reclaiming consumer moments * Indicative assessment - assessment of Social Acceptance will be product specific میرا High growth & margin categories BAT strengths & capabilities Clear portfolio expansion boundaries I BAT A BETTER TOMORROW Reduced Health Impact Compared to Cigarettes BAT Global Marketing Reach Leveraging Delivery Platforms NEW CATEGORY GROWTH OPPORTUNITIES Strategic and Financial Attractiveness Science and Regulatory Expertise Positive Environmental Contribution- I 26

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