BRITISH AMERICAN TOBACCO PLC - Closed Period Share Repurchase Programme

Closed Period Share Repurchase Programme

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

24 June 2024

British American Tobacco p.l.c. (the "Company")

Closed Period Share Repurchase Programme

Further to the share buyback programme announcement on 18 March 2024, the Company announces
that it has entered into an irrevocable, non-discretionary agreement with, UBS AG London Branch ("UBS"),
to purchase shares during the closed period commencing on 24 June and ending on 24 July 2024, the day
prior to the release of its half year results.
UBS will make its trading decisions in relation to the Company's securities independently of, and
uninfluenced by, the Company.
The purpose of the Programme is to reduce the share capital of the Company. The shares repurchased
will be cancelled.
Any purchases will be undertaken within certain pre-set parameters, and in accordance with both the
Company's general authority to repurchase shares granted by its shareholders at the Company's 2024
AGM, the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (2016/1052), in
each case as such legislation forms part of domestic law by virtue of section 3 of the European Union
(Withdrawal) Act 2018 (as amended) and Chapter 12 of the Financial Conduct Authority's Listing Rules.
The maximum price which may be paid for a Share is an amount (exclusive of expenses) equal to the higher
of:
    - 105 per cent of the average market value of a Share as derived from the LSE's Daily Official List for
       the five business days immediately preceding the day on which the Share is purchased, in
       accordance with Listing Rule 12.4.1 of the Listing Rules published pursuant to Part 6 of the
       Financial Services and Markets Act 2000 ("FSMA") (the "Listing Rules"); and

    -   the higher of (i) the price of the last independent trade and (ii) the highest current independent
        purchase bid on the trading venue where the purchase is carried out, including when the shares
        are traded on different trading venues, in accordance with Article 3(2) of the UK Safe Harbour
        Regulation.

The Company confirms that it currently has no unpublished inside information.


Enquiries:
British American Tobacco Press Media Centre
+44 (0) 20 7845 2888 (24 hours) | @BATplc
Investor Relations
Victoria Buxton: +44 (0)20 7845 2012 | IR_team@bat.com



24 June 2024

Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

Date: 24-06-2024 08:00:00
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