Investor Presentaiton

Focused RRP investment... RRP investment composition O Copyright JT 2023 67% 8% • Invest over ¥300 billion in RRP between 2023-2025 • Main area of focus is HTS 24% • 2023-2025 Commercialization Capex R&D • Support geo-expansion and share gains • • Investment set aside for exploratory RRP segments Leverage our commercial organization and trade relationships in HTS launch markets Established manufacturing capacity for planned expansion Tobacco Investor Conference 23

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