BAT Results Presentation Deck

REVENUE: Growth in a challenging environment Revenue* +2.4%, absorbing c.-4% H1 COVID headwind › Combustible revenue* +2.2% > New Category revenue* +12.7% Strong cigarette price/mix** +8.5% Volume and value share gains of +50bps; +20bps 5.6% Strategic brand combustible revenue* growth (66% of Group volume) Strong US performance with revenue* +9.7% > > > * On an adjusted, constant rate basis. See Appendix A1 & A2. **Price/mix defined in Appendix A4 12.1 Total Revenue* £bn HT'19 BAT +2.4% A BETTER TOMORROW 12.4 H1'20 38

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