BAT Results Presentation Deck

MODERN ORAL: Delivering a Step-Change VII VELO Strong revenue* growth in a fast-growing category Strengthening leadership in Scandinavia** Volume share growth in US, but limited by portfolio gaps Share growth versus FY19. Source: Company data * On an adjusted, constant rate basis. See Appendix A1 & A2. ** EPOK and LYFT brands BAT A BETTER TOMORROW 22

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