TR-1: Notification of major holdings 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. TR-1: Notification of major holdings 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- British American Tobacco p.l.c. tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments X An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Spring Mountain Investments Ltd. Name Northfield Investments Limited LBS Limited City and country of registered office (if applicable) Grand Cayman, Cayman Islands 4. Full name of shareholder(s) (if different from 3)v Name N/A City and country of registered office (if applicable) 5. Date on which the threshold was crossed or February 19, 2021 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): February 23, 2021 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights through financial in- Total number of Total of both in % attached to shares struments voting rights of (8.A + 8.B) (total of 8. A) (total of 8.B 1 + 8.B issuervii 2) Resulting situation on the date on 5.8093% 0.2206% 6.0300% 2,294,245,327 which threshold 1 was crossed or reached Position of previ- ous notification (if 4.8179% 0.2206% 5.0386% applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of Number of voting rightsix % of voting rights shares ISIN code (if possi- Direct Indirect Direct Indirect ble) (Art 9 of Directive (Art 10 of Di- (Art 9 of Directive (Art 10 of Di- 2004/109/EC) rective 2004/109/EC) rective (DTR5.1) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) Ordinary Shares (ISIN:GB0002875804) 127,472,794 5.5562% ADRs (ISIN: US1104481072) 5,807,274 0.2531% SUBTOTAL 8. A 133,280,068 5.8093% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting Expira- rights that may be ac- Type of financial Exercise/ % of voting tion quired if the instru- instrument Conversion Periodxi rights datex ment is exercised/converted. N/A SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Exercise/ Physical or Type of finan- Expiration Number of % of voting x Conversion cash cial instrument date voting rights rights Period xi settlementxii Total Return December 10, Cash 5,062,024 0.2206% Swap 2021 SUBTOTAL 5,062,024 0.2206% 8.B.2 2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (under- lying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal X xiv entity (please add additional rows as necessary) % of voting rights % of voting rights if it Total of both if it through financial in- xv equals or is higher equals or is higher Name struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold Kenneth Bryan Dart Portfolio Services Ltd. Spring Mountain Invest- ments Ltd. 5.1988% 0.00% 5.1988% Northfield Investments Limited LBS Limited 10. In case of proxy voting, please identify: Name of the proxy holder N/A The number and % of voting rights held N/A The date until which the voting rights will be held N/A 11. Additional informationxvi Place of completion Grand Cayman, Cayman Islands Date of completion February 23, 2021 Name of duly authorised officer of issuer responsible for making notification: O Martin Assistant Secretary British American Tobacco p.l.c. 24 February 2021 3 Enquiries: Investor Relations Mike Nightingale/Victoria Buxton/William Houston/John Harney +44 20 7845 1180/2012/1138/1263 24 February 2021 Sponsor: UBS South Africa (Pty) Ltd 4 Date: 24-02-2021 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. 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