BAT Investor Conference Presentation Deck

Snus is much lower risk than smoking 200 180 160 140 120 100 80 60 40 20 0 Poland Hungary Latvia Lung Cancer Deaths in Men Aged >35** Lithuania Romania Estonia Greece Czech Rep. Slovakia Bulgaria Spain Slovenia Netherlands Italy Germany France Luxembourg UK Austria Portugal Finland BAT Sweden A BETTER TOMORROW * Use of Swedish Snus is not a risk factor for oral cancer and no association has been established with neck, oesophagus and gastric cancer. **WHO-International Agency for Research on Cancer's World Cancer Mortality Database, Age standardised mortality rate per 100,000, extracted 2013. 20

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