Post Stab Notice - British American Tobacco

29-Aug-17

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in

which such distribution would be unlawful.

British American TobaccoPost-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 9th August 20171 Deutsche Bank AG London (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)2 was undertaken by the Stabilisation Manager(s)3 named below in relation to the offer of the following securities.

The Securities:

Issuer: British American Tobacco

Guarantor (if any):

Aggregate nominal amount: EUR1.1bn|EUR 750m|GBP 450m|EUR 1.25bn

Description: B.A.T. GBP/EUR 4 tranche

Stabilisation Deutsche Bank AG London

Manager(s):

Offer Price: 100|99.923|99.419|99.749