Change in ADS ratio 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") British American Tobacco p.l.c. – Change in ADS ratio British American Tobacco p.l.c. (the “Company”) today announces an intended ratio change to its NYSE-listed sponsored Level 2 American Depositary Receipt (“ADR”) programme. The current ratio is one (1) American Depositary Share (“ADS”) to two (2) Ordinary shares in the Company. The new ratio will be one (1) ADS to one (1) Ordinary share in the Company. The expected effective date for the ratio change is 14 February 2017. There will be no change to the underlying Ordinary shares of the Company. ADS holders at the close of business New York time on the record date of 6 February 2017, will receive a distribution of one (1) additional ADS for each ADS held. The new ADSs are expected to be distributed on 13 February 2017. No action is required by ADS holders to effect this change. Contact details for Citibank, N.A., the Company’s ADR depositary, are set out below. G C W Cunnington Deputy Secretary British American Tobacco p.l.c. 13 January 2017 Citibank Shareholder Services PO Box 43077 Providence Rhode Island 02940-3077 USA Tel: 1-888 985-2055 (toll-free) Tel: +1 781 575 4555 email enquiries: citibank@shareholders-online.com website: www.citi.com/dr Investor and Media Enquiries: Investor Relations Mike Nightingale/Rachael Brierley/Sabina Marshman +44 20 7845 1180/1519/1781 British American Tobacco Press Office Anna Vickerstaff +44 20 7845 2888 Sponsor: UBS South Africa (Pty) Ltd Date: 13/01/2017 01:00:00 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.