BAT Investor Conference Presentation Deck

Focused on Delivering Value for all our Stakeholders SHAREHOLDERS Q Consistently delivering against our financial commitments for shareholders Shared Value CONSUMERS Offering consumers a choice of enjoyable, less risky products¹ SOCIETY Reducing the overall health and environmental impact of our business for society BAT A BETTER TOMORROW EMPLOYEES 8 Creating a dynamic and purposeful place to work for our employees 1. Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive. 26

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