BNP Paribas Tender Offer for

RNS Number : 9757O

British American Tobacco PLC

07 July 2010

 



Press Release 7 July 2010

Tender Offer by BNP Paribas for British American Tobacco Holdings (The Netherlands) B.V.'s Notes

NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ITALIAN PERSON OR TO ANY PERSON OR ADDRESS IN THE UNITED STATES OR ITALY

On 25 June 2010, BNP Paribas announced the results of its offer (the "Offer") to purchase for cash any and all of the outstanding €1,000,000,000 4.375 per cent Notes due 2011 (ISIN: XS0189727869) (the "Existing Notes") issued by British American Tobacco Holdings (The Netherlands) B.V. (the "Company") and guaranteed by British American Tobacco p.l.c., B.A.T Capital Corporation and B.A.T. International Finance p.l.c. As of the expiry of the Offer, an aggregate nominal amount of €469,738,000 Existing Notes were validly tendered and accepted for purchase by BNP Paribas.

On 7 July 2010, the Company issued €600,000,000 4.00 per cent. Guaranteed Notes due 2020 (the "New Notes"). The New Notes are guaranteed by British American Tobacco p.l.c., B.A.T Capital Corporation and B.A.T. International Finance p.l.c.

Part consideration for the New Notes took the form of the Existing Notes purchased by BNP Paribas in the Offer. The Existing Notes purchased by BNP Paribas, being an amount of €469,738,000 of the outstanding principal amount of the Existing Notes, have now been cancelled by the Company.

BNP Paribas acted as Dealer Manager for the Offer. Lucid Issuer Services Limited acted as Tender Agent for the Offer. 

BNP Paribas, Deutsche Bank AG, London Branch, HSBC Bank plc, J.P. Morgan Securities Ltd., Lloyds TSB Bank plc, Banco Bilbao Vizcaya Argentaria, S.A., Barclays Bank PLC and Commerzbank Aktiengesellschaft acted as Managers for the New Notes.

To view the Final Terms relating to the New Notes, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/9757O_-2010-7-7.pdf

The New Notes are issued pursuant to the base prospectus dated 1 December 2009 (as supplemented by the supplemental prospectuses dated 2 March 2010 and 7 May 2010) (the "Prospectus") in connection with the U.S.$16,000,000,000 Euro Medium Term Note Programme of B.A.T. International Finance p.l.c., B.A.T Capital Corporation and British American Tobacco Holdings (The Netherlands) B.V. (as Issuers) and British American Tobacco p.l.c. and each of the Issuers (except where it is the relevant Issuer) (as Guarantors).

The Final Terms for the New Notes contain the final terms of the relevant New Notes. The Final Terms must be read in conjunction with the Prospectus, which constitutes a base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC).

The Final Terms are also available for viewing at the Document Viewing Facility of the UK Listing Authority at 25 The North Colonnade, Canary Wharf, London E14 5HS.

Enquiries

British American Tobacco Press Office
Kate Matrunola/Cat Armstrong/Christina Dona

[phone]

Investor Relations
Ralph Edmondson/Maya Farhat

[phone]/1977

British American Tobacco p.l.c.
Globe House
4 Temple Place
London WC2R 2PG

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus, you must ascertain from the Prospectus whether or not you are one of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

 

END

 

 

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