We are pleased to announce the proposed issuance by Maybank IB of up to 100,000,000 European style non-collateralised cash settled call warrants over the BAT Shares.

BAT-C46 is constituted by the Deed Poll dated 20 November 2025 executed by us for the Structured Warrants, as supplemented from time to time. BAT-C46 is subject to the terms and conditions of the Base Prospectus dated 8 December 2025, the First Supplementary Base Prospectus dated 25 February 2026 and the Term Sheet dated 16 March 2026.

BAT-C46 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of BAT-C46 is set out in the attachment.