BRITISH AMERICAN TOBACCO PLC - Finalisation Information - Quarterly Dividends for the year ended 31 December 2022

Finalisation Information - Quarterly Dividends for the year ended 31 December 2022

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 2022:
Payment No. 1 – May 2023 (the “May 2023 Dividend”)
South Africa Branch Register Finalisation Information

On 9 February 2023, the Company announced that the Board had declared an interim dividend of
230.9p per ordinary share of 25p, payable in four equal quarterly instalments of 57.72p per ordinary
share in May 2023, August 2023, November 2023 and February 2024.

The May 2023 Dividend will be payable on 3 May 2023 to shareholders registered on either the UK
main register or the South Africa branch register on 24 March 2023 (the record date).

In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the
May 2023 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 9 February 2023 remain
unchanged for the May 2023 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=22.01360 as at 9 March 2023 (the closing rate on that
date as quoted by Bloomberg), results in an equivalent May 2023 Dividend of 1270.62499 SA cents
per ordinary share.

South Africa Branch Register: Dividends Tax Information

South Africa Dividends Tax (at a rate of 20%), equivalent to 254.12500 SA cents per ordinary share,
will be withheld from the gross May 2023 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 1016.49999 SA cents per ordinary share. The May 2023 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 May 2023 Dividend is
the United Kingdom.

At the close of business on 9 March 2023 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the May 2023 Dividend), the Company had a
total of 2,235,907,607 ordinary shares in issue (excluding treasury shares). The Company held
220,963,856 ordinary shares in treasury giving a total issued share capital of 2,456,871,463 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:

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

13 March 2023

Enquiries:

British American Tobacco Media Centre
+44 (0)20 7845 2888 (24 hours) / @BATPlc

Investor Relations
Victoria Buxton / Yetunde Ibe / John Harney:
+44 (0)20 7845 2012 / 1095 / 1263

13 March 2023

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

Date: 13-03-2023 09:00:00
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. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.