BAT Results Presentation Deck

EPS*: Growth up +5.5%, Against Significant COVID Headwind Strong FY EPS* delivery Resilient APFO** growth Reduction in underlying tax rate to 24.9% Resilient against headwinds COVID Higher Net Finance Costs Lower contribution from associates ● 323.8 2019 FY 17.1 -2.9 Adjusted Net Finance profit from costs operations * Adjusted, diluted, EPS at constant rates. See Appendix A1 & A2. ** Adjusted Profit from operations. -0.2 +5.5% 5.4 Associates +5.5% Adjusted diluted EPS* growth -1.2 Taxation Non- controlling interests -0.6 Diluted number of shares 341.4 2020 FY at Constant FX BAT A BETTER TOMORROW +2.4% -9.7 FX Impact 331.7 2020 FY at Current FX 28

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