18 Aug - 4 min read

TR-1: Notification of major holdings

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.
TR-1: Notification of major holdings

  1a. Identity of the issuer or the underlying issuer
  of existing shares to which voting rights are at-                      British American Tobacco p.l.c.
  1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
  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                                                        Spring Mountain Investments Ltd
  City and country of registered office (if applicable)       Camana Bay, George Town, 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
                                                              16 August 2021

  6. Date on which issuer notified (DD/MM/YYYY):              17 August 2021

  7. Total positions of person(s) subject to the notification obligation
                                                  % of voting rights
                          % of voting rights     through financial in-                          Total number of
                                                                           Total of both in %
                          attached to shares          struments                                 voting rights of
                                                                              (8.A + 8.B)
                             (total of 8. A)     (total of 8.B 1 + 8.B                          issuervii
  Resulting situation
  on the date on
  which threshold              7.813836%                  0.220603             8.034439%           184360731
  was crossed or
Position of previ-
ous notification (if       6.838441%                0.220605              7.059046%

8. Notified details of the resulting situation on the date on which the threshold was crossed or
A: Voting rights attached to shares
Class/type of          Number of voting rightsix                   % of voting rights
ISIN code (if possi-          Direct             Indirect                  Direct               Indirect
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         173,491,433                                   7.560755%
Depository Receipts
                            5,807,274                                   0.253081%
SUBTOTAL 8. A                         179,298,707                                  7.813836%

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 ac-
Type of financial                    Exercise/                                              % of voting
                       tion                                     quired if the instru-
instrument                           Conversion Periodxi                                    rights
                       datex                                    ment is

                                     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                                               voting rights rights
                                 Period xi       settlementxii
Total Return      December 10,
                                                 Cash              5062024          0.220603%
Swap              2021
                                                                   5062024          0.220603%

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
entityxiv (please add additional rows as necessary)
                                                             % of voting rights
                               % of voting rights if it                                    Total of both if it
                                                            through financial in-
                                 equals or is higher                                      equals or is higher
            Namexv                                         struments if it equals
                                  than the notifiable                                     than the notifiable
                                                            or is higher than the
                                      threshold                                               threshold
                                                            notifiable threshold
Kenneth Bryan Dart                                                                             0.000000
Portfolio Services Ltd                                                                         0.000000
LBS Limited                                                                                    0.000000
Northfield Investments Limited                                                                 0.000000
Seneca Investments Limited                                                                     0.000000
Spring Mountain Investments
                                     7.430768%                                                 7.430768

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           18 August 2021

Name of duly authorised officer of issuer responsible for making notification:

C Dhokia
Deputy Secretary
British American Tobacco p.l.c.

18 August 2021

Investor Relations
Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263
Sponsor: UBS South Africa (Pty) Ltd

Date: 18-08-2021 04:30:00
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