TR-1: Standard form for notification of major holdings 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. TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are British American Tobacco p.l.c. attachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights An acquisition or disposal of financial instruments An event changing the breakdown of voting rights X Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Reinet Investments S.C.A. City and country of registered office (if applicable) Luxembourg, Luxembourg 4. Full name of shareholder(s) (if different from 3.)v Name Reinet Jersey Holdings Limited City and country of registered office (if applicable) St. Helier, Jersey 5. Date on which the threshold was crossed or 25 July 2017 reachedvi: 06/10/2017 6. Date on which issuer notified (DD/MM/YYYY): (received by issuer on 16/10/2017) 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights Total number of through financial Total of both in % attached to shares voting rights of instruments (8.A + 8.B) (total of 8. A) issuervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which 2.97% 2.97% 68,053,670 threshold was crossed or reached Position of previous 3.97% 3.97% notification (if applicable) 8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii A: Voting rights attached to shares Class/type of Number of voting rightsix % of voting rights shares ISIN code (if Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive possible) 2004/109/EC) (DTR5.1) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC) (DTR5.2.1) (DTR5.2.1) Ordinary Shares (ISIN: 68,053,670 2.97% GB0002875804) SUBTOTAL 8. A 68,053,670 2.97% B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Number of voting rights Type of financial Expiration Exercise/ that may be acquired if % of voting rights instrument datex Conversion Periodxi the instrument is exercised/converted. N/A SUBTOTAL 8. B 1 B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of Expiration Exercise/ Physical or Number of % of voting rights financial datex Conversion cash voting rights instrument Period xi settlementxii N/A SUBTOTAL 8.B.2 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional X rows as necessary) % of voting rights % of voting rights if it through financial Total of both if it equals equals or is higher Namexv instruments if it equals or is higher than the than the notifiable or is higher than the notifiable threshold threshold notifiable threshold Reinet Investments S.C.A. Reinet Fund S.C.A. F.I.S. Reinet Jersey Holdings Limited 10. In case of proxy voting, please identify: Name of the proxy holder N/A The number and % of voting rights held N/A The date until which the voting rights will be held N/A 11. Additional informationxvi Place of completion Luxembourg Date of completion 6 October 2017 G C W Cunnington Deputy Secretary British American Tobacco p.l.c. 16 October 2017 Sponsor: UBS South Africa (Pty) Ltd Date: 16/10/2017 02:30:00 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.