Publication of Final Terms
British American Tobacco PLC
29 June 2007
Press Release 29 June 2007
Tender Offer by BNP Paribas for B.A.T. International Finance p.l.c.'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 20 June 2007, BNP Paribas announced the results of its successful offer (the
"Offer") to purchase for cash up to a target amount of €750,000,000 of the
outstanding €1,700,000,000 4.875 per cent Notes due 2009 (the "Original Notes")
issued by B.A.T. International Finance p.l.c. (the "Company") and guaranteed by
British American Tobacco p.l.c., B.A.T Industries p.l.c., British American
Tobacco Mexico, S.A. de C.V. (formerly known as BAT Mexico, S.A. de C.V.), B.A.T
Capital Corporation and B.A.T Finance B.V. As of the expiry of the Offer, an
aggregate nominal amount of €876,490,000 of Original Notes were validly
tendered. Validly tendered Original Notes were accepted for purchase using a
pro-ration factor of 91.28283% and rounded down to the nearest €1,000. After
such rounding, BNP Paribas purchased €800,000,000 in aggregate nominal amount of
Original Notes.
On 29 June 2007, the Company issued €1,000,000,000 5.375 per cent. Notes due
2017 (the "New Notes"). The New Notes are guaranteed by British American Tobacco
p.l.c., B.A.T. Capital Corporation and British American Tobacco Holdings (The
Netherlands) B.V.
Part consideration for the New Notes took the form of the Original Notes
purchased by BNP Paribas in the Offer. The Original Notes purchased by BNP
Paribas, being an amount of €800,000,000 of the outstanding principal amount of
€1,700,000,000, have been cancelled by the Company.
BNP Paribas, Citigroup Global Markets Limited and J.P. Morgan Securities Ltd.
acted as Joint Dealer Managers for the Offer. Citibank, N.A. acted as Tender
Agent for the Offer. BNP Paribas, Citigroup Global Markets Limited and J.P.
Morgan Securities Ltd. acted as Joint Lead 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/3690z_-2007-6-29.pdf
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.
For further information, please contact
Press Relations
Kate Matrunola
Tel: +44 20 7845 2888
Fax: +44 20 7845 2878
Investor Relations
Ralph Edmondson
Tel: +44 (0) 20 7845 1180
Fax: +44 (0) 20 7845 2127
B.A.T. International Finance p.l.c.
Globe House
4 Temple Place
London WC2R 2PG
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Base Prospectus may be
addressed to and/or targeted at persons who are residents of particular
countries (specified in the Base 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 Base Prospectus is not addressed. Prior to
relying on the information contained in the Base Prospectus, you must ascertain
from the Base 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.
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