BAT Results Presentation Deck

Velo: Expanded US Product Range to Accelerate Growth Nicotine strength (mg) Flavours SKUS VI 07 Cinnamon WARNING: This product contains nicotine. Nicotine is an addictive chemical. *Expected Portfolio Strengthened by Dryft Acquisition Dragonfruit WARNING: This product contains nicotine. Nicotine is an addictive chemical. Initial portfolio 2 & 4 OTA 2 4 07 ******* 20 Nicotine Pouches Wintergreen WARNING: This product contains nicotine. Nicotine is an addictive chemical. 咖 Expanded portfolio 2, 4 & 7 07. ******* 20 Nicotine Pouches Spearmint WARNING: This product contains nicotine. Nicotine is an addictive chemical. 10 28 07. ******* Citrus Burst WARNING: This product contains nicotine. Nicotine is an addictive chemical. Nov'20 6K outlets Circle K Exclusivity 5.8% Jul-20 BAT Encouraging early results, with distribution building Mar¹21 c.80K outlets Nationwide* Velo US volume share A BETTER TOMORROW 8.5%. 11.1% Velo Phase 2 roll-out Dec-20 w/e 24 Jan 20

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