BRITISH AMERICAN TOBACCO PLC - British American Tobacco completes acquistion of TDR

British American Tobacco completes acquistion of TDR

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")


Wednesday 30 September 2015

                  BRITISH AMERICAN TOBACCO COMPLETES ACQUISITION OF TDR

 British American Tobacco expands its business in Central Europe by completing its acquisition of
                                        TDR in Croatia

British American Tobacco (BAT) has completed its previously announced acquisition of TDR d.o.o.
and other tobacco and retail assets (TDR) from Adris Grupa d.d. (Adris) for a total enterprise value of
€550 million.

TDR is the leading independent cigarette manufacturer in Central Europe with a market leading
position in Croatia and a position of scale in Bosnia and Serbia which will provide BAT with the
opportunity to significantly grow its business in the region.

Naresh Sethi, BAT’s Director Western Europe, commented: “I am delighted that we have now closed
this complex deal. This is an exciting acquisition for BAT. It provides immediate scale in three core
markets of Croatia, Bosnia and Serbia and establishes a sustainable platform to grow our business
across Central Europe”.

ENQUIRIES

Press Office                                     Investor Relations
Will Hill / Anna Vickerstaff                     Mike Nightingale / Rachael Brierley
+44 (0) 20 7845 2888 (24 hours)                  + 44 (0) 20 7845 1180 / 1519

NOTES TO EDITORS

BAT is a global tobacco Group with brands sold in more than 200 markets. It employs more than
57,000 people worldwide and has over 200 brands in its portfolio, with its cigarettes chosen by one
in eight of the world’s one billion smokers. BAT has leadership in more than 60 markets around the
world. The Group generated £5.4 billion adjusted profit from operations in 2014.

BAT was advised by EY, Baker & McKenzie and Wolf Theiss in relation to the transaction.


30 September 2015

Sponsor: UBS South Africa (Pty) Ltd

Date: 30/09/2015 03:15:00 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.