BAT Results Presentation Deck

South Africa cigarette and alcohol ban A strong Q1 performance - Court hearing in August Strong Q1 Performance +10% Volume vs. SPLY Avg Daily Consumption →→ -38% Daily consumption Share growth versus FY19. Source: Company data *Industry-wide An Illicit Market 100% Total market is illicit Group Impact -£25m Adjusted profit from operations per month BAT A BETTER TOMORROW Illicit Price Spike +300% ➡ Government Revenue Lost -£340m Tobacco Excise and VAT* 33

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