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TR-1: 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: Notification of major holdings
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 X
An acquisition or disposal of financial instruments X
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Spring Mountain Investments Ltd.
Name
Northfield Investments Limited
City and country of registered office (if applicable) Grand Cayman, Cayman Islands
4. Full name of shareholder(s) (if different from 3)v
Name N/A
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or
09 December 2020
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY): 11 December 2020
7. Total positions of person(s) subject to the notification obligation
% of voting rights
% of voting rights through financial Total number of
Total of both in %
attached to shares instruments voting rights of
(8.A + 8.B)
(total of 8. A) (total of 8.B 1 + 8.B issuervii
2)
Resulting situation
on the date on
3.8718% 0.1584% 4.0302% 2,294,242,944
which threshold
was crossed or
1
reached
Position of previ-
ous notification (if 3.0204% 0.00% 3.0204%
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
Direct Indirect Direct Indirect
ISIN code (if possi-
ble) (Art 9 of Directive (Art 10 of Di- (Art 9 of Directive (Art 10 of Di-
2004/109/EC) rective 2004/109/EC) rective
(DTR5.1) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.2.1) (DTR5.2.1)
Ordinary Shares
(ISIN:GB000287580 88,351,592 3.8510%
4)
ADRs
(ISIN: 477,665 0.0208%
US1104481072)
SUBTOTAL 8. A 88,829,257 3.8718%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Number of voting
Expira- rights that may be
Type of financial Exercise/ % of voting
tion acquired if the instru-
instrument Conversion Periodxi rights
datex ment 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))
Exercise/ Physical or
Type of finan- Expiration Number of % of voting
x Conversion cash
cial instrument date xi xii voting rights rights
Period settlement
Total Return December 10, Cash 3,633,301 0.1584%
Swap 2021
SUBTOTAL
3,633,301 0.1584%
8.B.2
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 (under-
lying) 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 X
xiv
entity (please add additional rows as necessary)
% of voting rights
% of voting rights if it Total of both if it
through financial in-
xv equals or is higher equals or is higher
Name struments if it equals
than the notifiable than the notifiable
or is higher than the
threshold threshold
notifiable threshold
Kenneth Bryan Dart
Portfolio Services Ltd.
Spring Mountain Invest-
3.8588% 0.00% 3.8588%
ments Ltd.
Northfield Investments
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 Grand Cayman, Cayman Islands
Date of completion 11 December 2020
Name of duly authorised officer of issuer responsible for making notification:
O Martin
Assistant Secretary
British American Tobacco p.l.c.
14 December 2020
3
Enquiries:
Investor Relations
Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263
Sponsor: UBS South Africa (Pty) Ltd
4
Date: 15-12-2020 07:05:00
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