We are pleased to announce the proposed issue by CIMB Bank of up to 50,000,000 European-style non-collateralised cash-settled call warrants over ordinary shares in BAT

The BAT-CO is constituted by the Deed Poll dated 30 April 2018 executed by us, as supplemented from time to time. The BAT-CO is subject to the terms and conditions of the Base Prospectus dated 8 May 2018, the First Supplementary Base Prospectus dated 7 December 2018 and the Second Supplementary Base Prospectus dated 22 February 2019 and the Term Sheet for the BAT-CO dated 7 March 2019.

The BAT-CO is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad. A summary of the principal terms of the BAT-CO is set out in Table 1.

This announcement is dated 7 March 2019.