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BTI - British American Tobacco p.l.c. - US Bond Issue 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." or "the Company") US Bond Issue B.A.T. International Finance p.l.c. announces that it has successfully priced a US dollar denominated issue of notes (the "Notes"), raising proceeds of approximately US$2 billion. The Notes will be issued by B.A.T. International Finance p.l.c. and guaranteed by British American Tobacco p.l.c. and British American Tobacco Holdings (The Netherlands) B.V. pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), in three tranches: US$500,000,000 million of 3-year notes with a coupon of 1.400%; US$600,000,000 million of 5-year notes with a coupon of 2.125%; and US$900,000,000 million of 10-year notes with a coupon of 3.250%. It is expected that the net proceeds of the offering will be used for general corporate purposes, which will include the repayment of certain outstanding debt. The issue is scheduled to close on 7 June 2012, subject to customary conditions. It is expected that listing particulars in respect of the Notes will shortly be filed with the UK Listing Authority. The Notes have not been, and will not be, registered under the Securities Act, or under the securities legislation of any states of the United States, and may not be offered or sold in the United Sates, other than pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The issuer of the Notes does not presently intend to make a public offer of securities in the United States or to register any securities under the Securities Act. This announcement does not constitute or form part of any offer or any solicitation to purchase nor shall it, or the fact of its distribution, form the basis of, or be relied on in any purchase. This announcement and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this announcement or any subsequent offer should inform themselves about and observe any such restriction. Failure to comply with such restrictions may violate securities laws of any such jurisdiction. 1 June 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 01/06/2012 10:59:02 Supplied by www.sharenet.co.za 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.
