BAT Investor Conference Presentation Deck

✓ FY20: Strong Results in a Challenging Year 2020 Results Non-Combustibles 10% of revenue Accelerating New Category: Consumer acquisition* - Revenue and share** growth Good New Category revenue and share* growth momentum entering 2021 2021 outlook 3-5% revenue growth^ BAT A BETTER TOMORROW Retaining mid-single digit EPS growth^^ guidance given COVID uncertainties Well positioned for continued strong delivery in 2021 *Target market for acquisition is existing adult smokers/nicotine users. **Volume share of THP, Modern oral and Value share of Vapour. ^ Constant currency basis. See Appendix A2. ^^ On an adjusted, diluted, constant rate basis. See Appendix A1 & A2. 43

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