We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of BAT.

The BAT-C45 is constituted by the Deed Poll dated 20 May 2025 executed by us, as supplemented from time to time. The BAT-C45 is subject to the terms and conditions of the Base Prospectus dated 27 May 2025, the First Supplementary Base Prospectus dated 6 October 2025, the Second Supplementary Base Prospectus dated 6 March 2026 and the Term Sheet dated 16 March 2026.

The BAT-C45 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 27 May 2025, the First Supplementary Base Prospectus dated 6 October 2025 and the Second Supplementary Base Prospectus dated 6 March 2026.

A summary of principal terms of the BAT-C45 is set out in Table 1.

This announcement is dated 16 March 2026.