Post Stabilisation Notice-British American Tobacco

21-Oct-21

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

which such distribution would be unlawful.

British American Tobacco

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 22/09/20211 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 p.l.c.

Guarantor (if any):

Aggregate nominal amount: EUR 2bn

Description: BAT EUR 1bn PNC5.25 & EUR 1bn PNC8 Hybrids

Stabilisation Manager(s): BofA Securities, Citigroup, Deutsche Bank, Santander

Offer Price: 99.412 / 99.154