BRITISH AMERICAN TOBACCO PLC - BAT Signs Vapour Collaboration Agreement

BAT Signs Vapour Collaboration Agreement

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")



                        BAT SIGNS VAPOUR COLLABORATION AGREEMENT


British American Tobacco (BAT) announces today that it has signed a vapour products technology-
sharing agreement with R.J. Reynolds Tobacco Company (RJRTC), a subsidiary of Reynolds American
Inc. The signing of the agreement comes following an announcement of a term sheet between the
parties in September 2015.

The agreement provides a framework for collaboration and mutual cross-licensing of the parties'
vapour product technologies up to 31 December 2022. The collaboration also contemplates joint
R&D activities and co-operation on regulatory, scientific and manufacturing issues relating to vapour
products.

Kingsley Wheaton, BAT’s Managing Director of Next Generation Products, commented: “This is an
important milestone for BAT. This agreement should provide a strong platform to meet the
demands of consumers today and in the future."


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.



1 December 2015

Sponsor: UBS South Africa (Pty) Ltd


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