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BRITISH AMERICAN TOBACCO PLC - Quarterly Dividends for the year ended 31 December 2017

Release Date: 13/12/2018 09:00
Code(s): BTI     PDF:  
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Quarterly Dividends for the year ended 31 December 2017

British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")


British American Tobacco p.l.c. (the “Company”)

Quarterly Dividends for the year ended 31 December 2017:
Payment No. 4 – February 2019 (the “February 2019 Dividend”)
South Africa Branch Register Finalisation Information

On 22 February 2018, the Company announced that the Board had declared an interim dividend of
195.2p per ordinary share of 25p, payable in four equal quarterly instalments of 48.8p per ordinary
share in May 2018, August 2018, November 2018 and February 2019.

The February 2019 Dividend will be payable on 7 February 2019 to shareholders registered on either
the UK main register or the South Africa branch register on 28 December 2018 (the record date).

In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the
February 2019 Dividend relating to shareholders registered on the South Africa branch register is set
out in the paragraphs below.

The salient dates and other dividend declaration information announced on 22 February 2018 remain
unchanged.

South Africa Branch Register: Dividend Rate

The British American Tobacco Group reports in sterling, therefore dividends are declared and
payable in sterling except for shareholders on the branch register in South Africa whose dividends
are payable in rand. A rate of exchange of £:R = 17.91140 as at 11 December 2018 (the closing rate
on that date as quoted by Bloomberg), results in an equivalent February 2019 Dividend of 874.07632
SA cents per ordinary share.

South Africa Branch Register: Dividends Tax Information

South Africa Dividends Tax (at a rate of 20%), equivalent to 174.81526 SA cents per ordinary share,
will be withheld from the gross February 2019 Dividend paid to shareholders on the South Africa
branch register, unless a shareholder qualifies for an exemption. After Dividends Tax has been
withheld, the net dividend will be 699.26106 SA cents per ordinary share. The February 2019
Dividend is regarded as a ‘foreign dividend’ for the purposes of the South Africa Dividends Tax. For
the purposes of South Africa Dividends Tax reporting, the source of income for the payment of the
February 2019 Dividend is the United Kingdom.

At the close of business on 11 December 2018 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the February 2019 Dividend), the Company had a
total of 2,293,769,553 ordinary shares in issue (excluding treasury shares). The Company held
162,645,590 ordinary shares in treasury giving a total issued share capital of 2,456,415,143 ordinary
shares.
British American Tobacco p.l.c. is registered with the South African Revenue Service (SARS) with tax
reference number 9378193172.

For the avoidance of doubt, Dividends Tax and the information provided above is of only direct
application to shareholders on the South Africa branch register. Shareholders on the South Africa
branch register should direct any questions regarding the application of Dividends Tax to
Computershare Investor Services Proprietary Limited, contact details for which are given below:

Computershare Investor Services Proprietary Limited
PO Box 61051, Marshalltown 2107, South Africa
tel: 0861 100 634; +27 11 870 8216
email enquiries: web.queries@computershare.co.za


Name of duly authorised officer of issuer responsible for making notification:

Paul McCrory
Company Secretary
British American Tobacco p.l.c.

13 December 2018

Enquiries:

Investor Relations
Mike Nightingale/Rachael Brierley/John Harney
+44 20 7845 1180/1519/1263

British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPress


Sponsor: UBS South Africa (Pty) Ltd

Date: 13/12/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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