BAT Investor Conference Presentation Deck

Our Strategic Journey Building the Foundations 2019-2020 Strategy • 3 Clear Priorities ● · Capability Building • Science and R&D Digital Agenda Financial Delivery * By 2025 QUANTUM • Operational Delivery ● Innovation Pipeline ● Accelerating our Transformation 2020-2021 • 2030 Ambitions New Ways of Working Financial Delivery ● ● ● ● ● • Enterprise of the Future ● Nicotine & Beyond Societal Contribution ● BAT A BETTER TOMORROW Enterprise of the QUEST Future 2021 - 2025 On Track for a Pivotal Year in 2021 ● • £5 Billion NC Revenue* Financial Delivery 48

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