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 X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name The Capital Group Companies, Inc. (“CGC”) City and country of registered office (if applicable) Los Angeles, CA 90071, USA 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 12 October 2018 reachedvi: 15 October 2018 6. Date on which issuer notified (DD/MM/YYYY): (received by issuer on 16 October 2018) 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 11.0184% 0.0000% 11.0184% 2,293,747,068 threshold was crossed or reached Position of previous 10.0180% 0.0000% 10.0180% 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 227,852,904 9.9337% (ISIN:GB0002875804) ADRs 24,880,959 1.0847% (ISIN:US1104481072) SUBTOTAL 8. A 252,733,863 11.0184% 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 xiii not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer Full chain of controlled undertakings through which the voting rights and/or the financial instruments are xiv effectively held starting with the ultimate controlling natural person or legal entity (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 The Capital Group Companies, Inc. 11.0184% 0.0000% 11.0184% Holdings by CG Management companies are set out below: • Capital Guardian Trust 1 Company • Capital International, 1 Inc. • Capital International 1 Limited • Capital International 1 Sàrl • Capital Research and 10.6866% 0.0000% 10.6866% 2 Management Company 1 Indirect subsidiaries of Capital Research and Management Company. 2 Subsidiary of The Capital Group Companies, Inc. 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 CGC is the parent company of Capital Research and Management Company (“CRMC”). CRMC is a U.S.- based investment management company that manages the American Funds family of mutual funds. CRMC manages equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC in turn is the parent company of Capital Group International, Inc. (“CGII”), which in turn is the parent company of five investment management companies (“CGII management companies”): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. The CGII management companies primarily serve as investment managers to institutional clients. Neither CGC nor any of its affiliates own shares of British American Tobacco plc for its own account. Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above. Place of completion Los Angeles, CA, USA Date of completion 15 October 2018 Name of duly authorised officer of issuer responsible for making notification: S Kerr Assistant Secretary British American Tobacco p.l.c. 16 October 2018 Enquiries: Investor Relations Mike Nightingale/Rachael Brierley/John Harney +44 20 7845 1180/1519/1263 Sponsor: UBS South Africa (Pty) Ltd Date: 16/10/2018 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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