Branch Register: Dividend Finalisation Information
British American Tobacco p.l.c. (the "Company")
Quarterly Dividends for the year ended 31 December 2024:
Payment No. 2 - August 2025 (the "August 2025 Dividend")
South Africa Branch Register Finalisation Information
On 13 February 2025, the Company announced that the Board had declared an interim dividend of 240.24p per ordinary share of 25p, payable in four equal quarterly instalments of 60.06p per ordinary share in May 2025, August 2025, November 2025 and February 2026.
The August 2025 Dividend will be payable on 1 August 2025 to shareholders registered on either the UK main register or the South Africa branch register on 27 June 2025 (the record date).
In accordance with the JSE Limited ("JSE") Listing Requirements, the finalisation information for the August 2025 Dividend relating to shareholders registered on the South Africa branch register is set out in the paragraphs below.
The salient dates and other dividend declaration information announced on 13 February 2025 remain unchanged for the August 2025 Dividend.
South Africa Branch Register: Dividend Rate
The British American Tobacco Group reports in sterling, therefore dividends are declared and payable in sterling except for shareholders on the branch register in South Africa whose dividends are payable in rand. A rate of exchange of £:R=24.3147 as at 13 June 2025 (the closing rate on that date as quoted by Bloomberg), results in an equivalent August 2025 Dividend of 1460.34088 SA cents per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to 292.06818 SA cents per ordinary share, will be withheld from the gross August 2025 Dividend paid to shareholders on the South Africa branch register, unless a shareholder qualifies for an exemption. After Dividends Tax has been withheld, the net dividend will be 1168.27270 cents per ordinary share. The August 2025 Dividend is regarded as a 'foreign dividend' for the purposes of the South Africa Dividends Tax. For the purposes of South Africa Dividends Tax reporting, the source of income for the payment of the August 2025 Dividend is the United Kingdom.
At the close of business on 13 June 2025 (the latest practicable date prior to the date of the declaration of the South African rand equivalent of the August 2025 Dividend), the Company had a total of 2,196,693,009 ordinary shares in issue (excluding treasury shares). The Company held 133,005,360 ordinary shares in treasury giving a total issued share capital of 2,329,698,369 ordinary shares.
British American Tobacco p.l.c. is registered with the South African Revenue Service (SARS) with tax reference number 9378193172.
For the avoidance of doubt, Dividends Tax and the information provided above is of only direct application to shareholders on the South Africa branch register. Shareholders on the South Africa branch register should direct any questions regarding the application of Dividends Tax to Computershare Investor Services Proprietary Limited, contact details for which are given below:
Computershare Investor Services Proprietary Limited
Private Bag, X9000, Saxonwold, 2132
tel: 0861 100 634; +27 11 870 8216
email enquiries: web.queries@computershare.co.za
Name of duly authorised officer of issuer responsible for making notification:
Nancy Jiang
Senior Assistant Company Secretary
British American Tobacco p.l.c.
17 June 2025
Enquiries:
British American Tobacco Media Centre
+44 (0)20 7845 2888 (24 hours) │@BATPlc
Investor Relations
Victoria Buxton | IR_team@bat.com
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