BAT Results Presentation Deck

H1 EPS* growth benefitting from: > Good contribution from associates Reduced H1 underlying tax rate 25.0% > EPS*: Strong growth up +6.6% FY EPS* considerations: H2 associate income reflecting COVID FY underlying tax rate slightly lower than previous guidance of 25.5% FX translation headwind of c.2.5% > > * Adjusted, diluted, EPS at constant rates. See Appendix A1 and A2. 149.3 2019 HY 5.5 0.6 1.9 +6.6% Adjusted Net Finance Associates Profit from Costs Operations 3.5 0.4 +6.6% Taxation Non- Controlling Interests -0.2 Diluted Number of Shares 159.1 BAT A BETTER TOMORROW +5.7% 1.3 157.8 2020 HY at FX Impact 2020 HY at Constant Current FX FX 44

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