BAT Investor Conference Presentation Deck

Reduction in Toxicant Exposure Similar to vuse Cessation Mean CO (ppm) 30 25 20 15 10 5 Carbon Monoxide Baseline Day 2-3 Day 3-4 Day 4-5 Day 5-6 -Cigarette Vuse Cessation Day 6-7 Mean SPMA (ng/24hrs) 7,000 6,000 5,000 4,000 3,000 2,000 1,000 O Baseline Benzene Day 2-3 Day 4-5 BAT A BETTER TOMORROW -Cigarette Vuse Cessation Day 6-7 Cooney s. The Science of Potentially Reduced Risk Tobacco and Nicotine Products. Asian College of Neuropsychopharmacology 12 October 2019 17

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