British American Tobacco PLC
29 April 2005
British American Tobacco Sells Trademarks to Gallaher Plc
British American Tobacco has sold to Gallaher Plc the Benson & Hedges and Silk
Cut trademarks in Malta and Cyprus (North and South), and the Silk Cut trademark
in Lithuania for a cash sum of £70 million.
The transactions are in accordance with contracts of 1993 and 1994 in which
Gallaher agreed to acquire these trademarks in European Union states. The
recent accession of Malta, Cyprus and Lithuania necessitated today's sale.
ENQUIRIES
British American Tobacco Press Office Investor Relations
David Betteridge/Teresa La Thangue/Emily Brand Ralph Edmondson/Rachael Cummins
+44 (0) 20 7845 2888 (24 hours) +44 (0) 20 7845 1180 or 1519
Notes to Editors
In 1993 and 1994 British American Tobacco entered into a series of agreements
with American Brands (Gallaher's then parent company) to simplify ownership
rights of Lucky Strike, Benson & Hedges and Silk Cut. Broadly, British American
Tobacco gained ownership of all of American Brands' Lucky Strike rights and
Benson & Hedges and Silk Cut outside of the EU. Gallaher obtained ownership of
Benson & Hedges and Silk Cut within the European Union. These contracts also
provided that Gallaher would acquire British American Tobacco's Benson & Hedges
and Silk Cut rights in countries that joined the EU.
This information is provided by RNS
The company news service from the London Stock Exchange
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