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Quarterly Dividends for the Year Ended 31 December 2023
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. (the "Company")
Quarterly Dividends for the year ended 31 December 2023:
Payment No. 3 – November 2024 (the "November 2024 Dividend")
South Africa Branch Register Finalisation Information
On 7 February 2024, the Company announced that the Board had declared an interim dividend of
235.52p per ordinary share of 25p, payable in four equal quarterly instalments of 58.88p per
ordinary share in May 2024, August 2024, November 2024 and February 2025.
The November 2024 Dividend will be payable on 1 November 2024 to shareholders registered on
either the UK main register or the South Africa branch register on 27 September 2024 (the record
date).
In accordance with the JSE Limited ("JSE") Listing Requirements, the finalisation information for the
November 2024 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 8 February 2024 remain
unchanged for the November 2024 Dividend.
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=23.3262 as at 12 September 2024 (the closing rate on
that date as quoted by Bloomberg), results in an equivalent November 2024 Dividend of
1,373.44666 SA cents per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to 274.68933 SA cents per ordinary share,
will be withheld from the gross November 2024 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 1098.75733 cents per ordinary share. The November 2024
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
November 2024 Dividend is the United Kingdom.
At the close of business on 12 September 2024 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the November 2024 Dividend), the Company had
a total of 2,215,446,913 ordinary shares in issue (excluding treasury shares). The Company held
133,274,739 ordinary shares in treasury giving a total issued share capital of 2,348,721,652 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
Private Bag, X9000, Saxonwold, 2132
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:
Christopher Worlock
Assistant Secretary
British American Tobacco p.l.c.
16 September 2024
Enquiries:
British American Tobacco Media Centre
+44 (0)20 7845 2888 (24 hours) @BATPlc
Investor Relations
Victoria Buxton: +44 (0)20 7845 2012 | IR_team@bat.com
16 September 2024
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
Date: 16-09-2024 08:00:00
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