20 Sep - 3 min read

Quarterly Dividends for the year ended 31 December 2020: Payment No. 3 – November 2021

Quarterly Dividends for the year ended 31 December 2020: Payment No. 3 – November 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. (the “Company”)

Quarterly Dividends for the year ended 31 December 2020:
Payment No. 3 – November 2021 (the “November 2021 Dividend”)
South Africa Branch Register Finalisation Information

On 17 February 2021, the Company announced that the Board had declared an interim dividend of
215.6p per ordinary share of 25p, payable in four equal quarterly instalments of 53.9p per ordinary
share in May 2021, August 2021, November 2021 and February 2022.

The November 2021 Dividend will be payable on 11 November 2021 to shareholders registered on
either the UK main register or the South Africa branch register on 1 October 2021 (the record date).

In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the
November 2021 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 17 February 2021 remain
unchanged for the November 2021 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 = 20.10230 as at 16 September 2021 (the closing rate
on that date as quoted by Bloomberg), results in an equivalent November 2021 Dividend of
1083.51397 SA cents per ordinary share.

South Africa Branch Register: Dividends Tax Information

South Africa Dividends Tax (at a rate of 20%), equivalent to 216.70279 SA cents per ordinary share,
will be withheld from the gross November 2021 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 866.81118 SA cents per ordinary share. The November 2021
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
November 2021 Dividend is the United Kingdom.

At the close of business on 16 September 2021 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the November 2021 Dividend), the Company had
a total of 2,294,647,337 ordinary shares in issue (excluding treasury shares). The Company held
161,956,771 ordinary shares in treasury giving a total issued share capital of 2,456,604,108 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.

20 September 2021

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: UBS South Africa (Pty) Ltd

Date: 20-09-2021 08:00:00
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