Imperial Brands Results Presentation Deck

Net Debt Reconciliation £m Opening net debt Free cash flow Dividends Net proceeds from sale of subsidiaries. Accretion of interest New leases, terminations and modifications Change in fair values Exchange movements Closing net debt 52 | Full Year Results | 16 November 2021 Reported FY21 (11,141) 1,524 (1,305) 845 8 (26) 51 671 (9,373) Accrued interest 156 (16) 140 Fair value of derivatives 387 (20) 367 Lease Liabilities * 299 (48) 251 IMPERIAL BRANDS Adjusted FY21 (10,299) 1,524 (1,305) 845 (8) (26) (17) 671 (8,615)

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