BAT Investor Conference Presentation Deck

A Step Change in New Categories New Category Revenue* 32% CAGR >£2bn CAGR growth over 2018-2021. * At Constant rates. See Appendix A2. ** See Appendix A6. 31% CAGR BAT Adult Consumers of Non- Combustible Products 18m A BETTER TOMORROW ** Doubled Non-Combustible Revenue - accelerating to 12% of Group Revenue 7

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