BAT Investor Presentation Deck

5 Our purpose is to build... CA A BETTER TOMORROW™ ...through reducing the health impact of our business by offering a greater choice of enjoyable and less risky** products for our consumers BAT A BETTER TOMORROW *Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive. +Our vapour product Vuse (including Alto, Solo, Ciro and Vibe), and certain products, including Velo, Grizzly, Kodiak, and Camel Snus, which are sold in the U.S., are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance.

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