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Quarterly Dividends for the year ended 31 December 2021
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.
British American Tobacco p.l.c. (the “Company”)
Quarterly Dividends for the year ended 31 December 2021:
Payment No. 1 – May 2022 (the “May 2022 Dividend”)
South Africa Branch Register Finalisation Information
On 11 February 2022, the Company announced that the Board had declared an interim dividend of
217.8p per ordinary share of 25p, payable in four equal quarterly instalments of 54.45p per ordinary
share in May 2022, August 2022, November 2022 and February 2023.
The May 2022 Dividend will be payable on 4 May 2022 to shareholders registered on either the UK
main register or the South Africa branch register on 25 March 2022 (the record date).
In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the
May 2022 Dividend relating to shareholders registered on the South Africa branch register is set out
in the paragraphs below.
The salient dates and other dividend declaration information announced on 11 February 2022 remain
unchanged for the May 2022 Dividend.
South Africa Branch Register: Dividend Rate
The British American Tobacco Group reports in sterling, therefore dividends are declared and
payable in sterling except for shareholders on the branch register in South Africa whose dividends
are payable in rand. A rate of exchange of £:R = 19.72960 as at 10 March 2022 (the closing rate on
that date as quoted by Bloomberg), results in an equivalent May 2022 Dividend of 1074.27672 SA
cents per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to 214.85534 SA cents per ordinary share,
will be withheld from the gross May 2022 Dividend paid to shareholders on the South Africa branch
register, unless a shareholder qualifies for an exemption. After Dividends Tax has been withheld, the
net dividend will be 859.42138 SA cents per ordinary share. The May 2022 Dividend is regarded as a
‘foreign dividend’ for the purposes of the South Africa Dividends Tax. For the purposes of South
Africa Dividends Tax reporting, the source of income for the payment of the May 2022 Dividend is
the United Kingdom.
At the close of business on 10 March 2022 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the May 2022 Dividend), the Company had a
total of 2,289,031,289 ordinary shares in issue (excluding treasury shares). The Company held
167,590,718 ordinary shares in treasury giving a total issued share capital of 2,456,622,007 ordinary
shares.
British American Tobacco p.l.c. is registered with the South African Revenue Service (SARS) with tax
reference number 9378193172.
For the avoidance of doubt, Dividends Tax and the information provided above is of only direct
application to shareholders on the South Africa branch register. Shareholders on the South Africa
branch register should direct any questions regarding the application of Dividends Tax to
Computershare Investor Services Proprietary Limited, contact details for which are given below:
Computershare Investor Services Proprietary Limited
Private Bag, X9000, Saxonwold, 2132
tel: 0861 100 634; +27 11 870 8216
email enquiries: web.queries@computershare.co.za
Name of duly authorised officer of issuer responsible for making notification:
Paul McCrory
Company Secretary
British American Tobacco p.l.c.
14 March 2022
Enquiries:
Investor Relations
Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263
British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPlc
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
Date: 14-03-2022 09:00:00
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