BAT Investor Conference Presentation Deck

A Portfolio of Non-Combustible solutions Combustibles 100%- High TOBACCO & COMBUSTION Toxicants in Emissions *As stated by: Dr. Scott Gottlieb, US FDA Commissioner (July 2017), and UK Royal College of Physicians, Nicotine without smoke: Tobacco harm reduction (2016) + Nicotine is an addictive substance. We do not make health claims (express or implied) about our products in the US unless authorized by FDA to do so THP 10% BAT A BETTER TOMORROW Most of the Harm from Tobacco is caused by Combustion Not Nicotine** Vapour Bil.c Low Modern Oral NRT ee + 0% NO COMBUSTION 34

View entire presentation