BAT Results Presentation Deck

We are Taking BAT Strategy to the Next Level Optimal Regional & DRBU Realignment* From 4 to 3 Regions From 16 to 12 DRBUS Management board changes Drive speed, focus & agility Fit For Growth * Subject to applicable information and consultation requirements in some jurisdictions. Guide Strategic Choices and Resource Allocation 6 market archetypes New operating model Clear investment prioritisation Differentiated category focus Globally Developed, Locally Deployed BAT A BETTER TOMORROW Comprehensive Market Review c.30 Expected market exits >20 bn stick reduction Reduce complexity Resource reallocation 48

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