BAT Results Presentation Deck

We are Maintaining an Active Capital Allocation Framework for 2023 Growing Dividend Cash Flow Investing in our Transformation Free Cash Flow* Leverage within 2-3X* Litigation/ Fiscal/Regulatory outcomes ** Bolt-On M&A Share Buybacks +6% Dividend Growth and Further Deleverage * Free cash flow before dividends. See Appendices A1 & A7. ** Adjusted net debt to adjusted EBITDA at current rates. See Appendix A1. BAT A BETTER TOMORROW 39

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