BAT Investor Conference Presentation Deck

Clear Ambitions for each New Category Brand Vapour "' vuse Global leader with a clear pathway to profitability THP glo Fastest growing THP brand** powered by innovation BAT A BETTER TOMORROW 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. VELO Global leader leveraging our superior products 11

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