BRITISH AMERICAN TOBACCO PLC - Notice of an additional guarantor to the holders of the series of guaranteed notes

Notice of an additional guarantor to the holders of the series of guaranteed notes

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")



                                      B.A.T. International Finance p.l.c.

Notice of an additional guarantor to the holders of the series of guaranteed notes each issued by B.A.T.
International Finance p.l.c. ("BATIF") under the £25,000,000,000 Euro Medium Term Note Programme of BATIF,
British American Tobacco Holdings (The Netherlands) B.V. ("BATHTN"), B.A.T. Netherlands Finance B.V.
(“BATNF”) and B.A.T Capital Corporation (“BATCAP”) (as Issuers) and British American Tobacco p.l.c. ("British
American Tobacco") and each of the Issuers (except where it is the relevant Issuer) (as Guarantors).
Notice is hereby given to the holders of the:

    •   Series 40 €750,000,000 2.375 per cent. Guaranteed Notes due 2023 (ISIN: XS0856014583) (the "Series
        40 Notes");
    •   Series 42 €650,000,000 2.750 per cent. Guaranteed Notes due 2025 (ISIN: XS0909359332) (the "Series
        42 Notes");
    •   Series 43 £650,000,000 4.000 per cent. Guaranteed Notes due 2026 (ISIN: XS0969309847) (the "Series
        43 Notes");
    •   Series 44 €600,000,000 3.125 per cent. Guaranteed Notes due 2029 (ISIN: XS1043097630) (the “Series
        44 Notes”);
    •   Series 45 €400,000,000 Floating Rate Guaranteed Notes due 2018 (ISIN: XS1043096400) (the "Series 45
        Notes");
    •   Series 47 CHF400,000,000 0.625 per cent. Guaranteed Notes due 2021 (ISIN: CH0253514753) (the
        "Series 47 Notes");
    •   Series 48 CHF250,000,000 1.375 per cent. Guaranteed Notes due 2026 (ISIN: CH0253514761) (the
        "Series 48 Notes");
    •   Series 49 €800,000,000 0.375 per cent. Guaranteed Notes due 2019 (ISIN: XS1203851941) (the "Series
        49 Notes");
    •   Series 50 €800,000,000 0.875 per cent. Guaranteed Notes due 2023 (ISIN: XS1203854960) (the "Series
        50 Notes");
    •   Series 51 €800,000,000 1.250 per cent. Guaranteed Notes due 2027 (ISIN: XS1203859928) (the "Series
        51 Notes");
    •   Series 52 €600,000,000 2.000 per cent. Guaranteed Notes due 2045 (ISIN: XS1203860934) (the "Series
        52 Notes");
    •   Series 53 €600,000,000 1.000 per cent. Guaranteed Notes due 2022 (ISIN: XS1324928750) (the "Series
        53 Notes");
    •   Series 54 £350,000,000 4.000 per cent. Guaranteed Notes due 2055 (ISIN: XS1324911608) (the "Series
        54 Notes");
    •   Series 55 £500,000,000 1.750 per cent. Guaranteed Notes due 2021 (ISIN: XS1441635833) (the "Series
        55 Notes");
    •   Series 56 £650,000,000 2.250 per cent. Guaranteed Notes due 2052 (ISIN: XS1488409977) (the "Series
        56 Notes"); and
    •   Series 57 US$650,000,000 1.625 per cent. Guaranteed Notes due 2019 (ISIN: XS1488421592) (the
        "Series 57 Notes", and together with the Series 40 Notes, Series 42 Notes, Series 43 Notes, Series 44
        Notes, Series 45 Notes, Series 47 Notes, Series 48 Notes, Series 49 Notes, Series 50 Notes, Series 51
        Notes, Series 52 Notes, Series 53 Notes, Series 54 Notes, Series 55 Notes, and Series 56 Notes, the
        "Notes"),
that, pursuant to the principal trust deed dated 6 July 1998 (as modified, restated and/or supplemented), last
supplemented by the Twenty-Ninth Supplemental Trust Deed dated 12 February 2018 (the “Trust Deed”) made
between each of BATIF, BATHTN, BATNF, BATCAP, British American Tobacco and The Law Debenture Trust
Corporation p.l.c. (the “Trustee”), with effect on and from 13 February 2018:

(i)     BATCAP will accede as a guarantor in respect of the Notes under the Trust Deed as subsequently
        modified;

(ii)    the Notes will continue to benefit from the joint and several guarantee of BATNF, BATHTN and British
        American Tobacco, and, up to an including the applicable termination date as set out in the Deed of
        Guarantee between BATIF, BATHTN, BATNF, BATCAP, British American Tobacco, Reynolds American Inc.
        (“RAI”) and the Trustee dated 2 August 2017, by RAI; and

(iii)   the Principal Paying Agent for the above Notes is Citibank, N.A., London Branch, Citigroup Centre,
        Canada Square, Canary Wharf, London E14 5LB.

All words and expressions defined in the Trust Deed shall (save as otherwise provided herein or unless the
context otherwise requires) have the same meanings herein.


Enquiries

British American Tobacco Press Office
+44 (0)20 7845 2888 (24 hours)@BATPress

Investor Relations
Mike Nightingale/Rachael Brierley/Stephanie Brassinne
+44 (0)20 7845 1180/1519/2012

British American Tobacco p.l.c.
Globe House
4 Temple Place
London WC2R 2PG

12 February 2018



Sponsor: UBS South Africa (Pty) Ltd

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