Response to Recent Speculation

RNS Number : 1161M

British American Tobacco PLC

11 July 2014

 

British American Tobacco Notes Recent Announcements from Imperial, Reynolds American and Lorillard

British American Tobacco notes the recent announcements from Imperial, Reynolds American and Lorillard regarding the potential acquisition by Reynolds American of Lorillard, and the proposed disposal of certain assets from Reynolds American and Lorillard to Imperial as part of that transaction.  If such a deal were to proceed, British American Tobacco expects to support the transaction by subscribing for additional shares in Reynolds American, with the aim of maintaining its existing 42% equity position in Reynolds American.

There can however be no certainty that any deal will take place or of the terms on which it may take place.

Unless circumstances dictate otherwise, British American Tobacco does not intend to make any additional comments regarding this matter.

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British American Tobacco is a global tobacco Group with brands sold in more than 200 markets. It employs more than 57,000 people worldwide and has over 200 brands in its portfolio, with its cigarettes chosen by one in eight of the world's one billion smokers. BAT has leadership in more than 60 markets around the world. The Group generated £5.5 billion profit from operations in 2013.

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