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Notification and public disclosure of transactions by persons discharging managerial responsibilities
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”)
Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them
Conditional Share Awards
On 1 September 2026, the Company granted six awards of British American Tobacco p.l.c. ordinary
shares of 25p each (the “Shares”) to the following Executive Director (the “Awards”). The Awards are
intended to replace long term incentives from the previous employer that were forfeited on joining
the Company.
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dragos Constantinescu
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification
Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of unrestricted shares, immediately
available.
c) Price(s) and volume(s)
Price(s) Volume(s)
£41.29 12,254
d) Aggregated information
- Aggregated volume 12,254
- Price £505,967.66
e) Date of the transaction 2026-09-01
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dragos Constantinescu
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification
Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Restricted Share Plan
which shall vest on 20 March 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
£41.29 14,091
d) Aggregated information
- Aggregated volume 14,091
- Price £581,817.39
e) Date of the transaction 2026-09-01
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dragos Constantinescu
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification
Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Restricted Share Plan
which shall vest on 20 March 2028.
c) Price(s) and volume(s)
Price(s) Volume(s)
£41.29 23,266
d) Aggregated information
- Aggregated volume 23,266
- Price £960,653.14
e) Date of the transaction 2026-09-01
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dragos Constantinescu
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification
Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Restricted Share Plan
which shall vest on 19 March 2029.
c) Price(s) and volume(s)
Price(s) Volume(s)
£41.29 8,304
d) Aggregated information
- Aggregated volume 8,304
- Price £342,872.16
e) Date of the transaction 2026-09-01
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dragos Constantinescu
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification
Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Restricted Share Plan
which shall vest on 20 March 2030.
c) Price(s) and volume(s)
Price(s) Volume(s)
£41.29 3,320
d) Aggregated information
- Aggregated volume 3,320
- Price £137,082.80
e) Date of the transaction 2026-09-01
f) Place of the transaction Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Dragos Constantinescu
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification
Initial notification
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name British American Tobacco p.l.c.
b) LEI 213800FKA5MF17RJKT63
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
a) Description of the financial
instrument, type of Ordinary shares of 25p each
instrument
Identification code GB0002875804
b) Nature of the transaction Award of shares under the Performance Share Plan
which will vest to the extent that the performance
conditions are satisfied at the end of the three-year
performance period. The shares will be released
following a holding period of two years on 1
September 2031. The volume below represents the
maximum number of Shares that could vest
assuming performance conditions are met in full.
c) Price(s) and volume(s)
Price(s) Volume(s)
£45.00 63,777
d) Aggregated information
- Aggregated volume 63,777
- Price £2,869,965.00
e) Date of the transaction 2026-09-01
f) Place of the transaction Outside a trading venue
Name of officer of issuer responsible for making notification: Nancy Jiang
Date of notification: 2 September 2026
2 September 2026
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
Date: 02/09/2026 02:00:00
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