British American Tobacco (NYSE: BTI) backs 2026 growth, £1.3bn buybacks and rich dividend

Rhea-AI Filing Summary

British American Tobacco reports that it remains firmly on track to meet its full-year 2026 guidance, targeting mid-term growth of 3–5% revenue, 4–6% adjusted profit from operations and 5–8% adjusted diluted EPS at constant currency and adjusted for Canada.

The company highlights strong cash generation and plans £1.3bn of share buy-backs in 2026, aiming to reduce leverage to 2.0–2.5x adjusted net debt to adjusted EBITDA by year-end. Multiple weekly buyback disclosures show ongoing repurchases and cancellation of ordinary shares. New Categories are expected to deliver mid-teens revenue growth in 2026.

The Board previously declared an interim dividend of 245.04p per share, payable in four quarterly instalments of 61.26p, with the August 2026 dividend for South African shareholders set at 1,331.05115 SA cents gross. Several senior executives and persons closely associated reported small open-market and plan-based share purchases and internal transfers.

Insights

Equity analyst

BAT reaffirms 2026 growth targets, funds dividends and sizeable buybacks from strong cash flow.

British American Tobacco reiterates a mid-term “algorithm” of 3–5% revenue, 4–6% adjusted profit from operations and 5–8% adjusted diluted EPS growth at constant currency and adjusted for Canada. Management also expects mid-teens 2026 revenue growth in New Categories, indicating continued mix shift toward non-combustible products.

The group points to strong cash generation supporting a progressive dividend and a £1.3bn share buyback in 2026, while targeting leverage of 2.0–2.5x adjusted net debt to adjusted EBITDA by year-end. This suggests ongoing balance between shareholder returns and balance-sheet discipline, assuming operating performance and cash conversion hold up.

Routine weekly disclosures show steady repurchases and cancellation of shares, alongside small executive and closely associated person share purchases and intra-family transfers with nil consideration. These insider dealings are low in monetary value relative to the group’s size and appear administrative or compensation-linked rather than directional trading signals.

Key Figures

Mid-term revenue growth target: 3–5% per year Adjusted profit from operations growth target: 4–6% per year Adjusted diluted EPS growth target: 5–8% per year +5 more

8 metrics

Mid-term revenue growth target 3–5% per year Stated growth algorithm for revenue at constant currency and adjusted for Canada

Adjusted profit from operations growth target 4–6% per year Mid-term algorithm for adjusted profit from operations in 2026

Adjusted diluted EPS growth target 5–8% per year Mid-term algorithm for adjusted diluted EPS in 2026

Planned 2026 share buy-backs £1.3bn Stated buyback amount for 2026 within balanced capital allocation

Leverage target 2.0–2.5x Adjusted net debt to adjusted EBITDA targeted by year-end 2026

Interim dividend per share 245.04p Total dividend for year ended 31 December 2025, in four instalments

Quarterly dividend instalment 61.26p per share Each of May 2026, August 2026, November 2026, February 2027 payments

SA August 2026 gross dividend 1,331.05115 SA cents Rand-equivalent August 2026 Dividend at £:R 21.7279 for SA branch register

Key Terms

New Categories, adjusted profit from operations, Market Abuse Regulation, Share Incentive Plan, +2 more

6 terms

New Categories financial

"In New Categories, revenue growth is accelerating and we now expect to deliver mid-teens for 2026."

adjusted profit from operations financial

"Adjusted Profit from Operations: Profit from operations before the impact of adjusting items."

Market Abuse Regulation regulatory

"In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK."

Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.

Share Incentive Plan financial

"Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan."

A share incentive plan is a company program that gives employees or directors the chance to receive or buy company shares, often after staying with the firm or meeting performance goals. It matters to investors because it’s like giving workers a slice of the company pie to boost performance and loyalty, but issuing those slices can reduce each existing owner’s portion and change metrics such as earnings per share and share count.

Dividends Tax financial

"South Africa Dividends Tax (at a rate of 20%), equivalent to 266.21023 cents per ordinary share, will be withheld."

operating cash conversion financial

"Operating Cash Conversion: Net cash generated from operating activities before the impact of adjusting items..."

Operating cash conversion measures how effectively a company turns its reported operating profit into actual cash generated by its core business, typically by comparing cash from operations to operating income or EBITDA. Investors use it to judge the quality and sustainability of earnings — like checking whether a store’s recorded sales are ending up as real money in the register, which matters for paying bills, dividends and funding growth.

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FAQ

What growth targets did British American Tobacco (BTI) reiterate for 2026?

British American Tobacco reaffirmed mid-term growth targets of 3–5% revenue, 4–6% adjusted profit from operations, and 5–8% adjusted diluted EPS. These targets are expressed at constant exchange rates and on an “adjusted for Canada” basis to strip out Canadian tobacco litigation effects.

How large is British American Tobacco’s 2026 share buyback programme?

For 2026 British American Tobacco plans share buy-backs totalling £1.3bn. The company has been purchasing ordinary shares in the market in weekly tranches, intending to cancel them, which reduces share capital while operating within shareholder-approved repurchase authorities and regulatory price limits.

What leverage level is British American Tobacco (BTI) targeting by year-end 2026?

British American Tobacco aims to reduce leverage to within 2.0–2.5x by year-end 2026. Leverage is defined as adjusted net debt divided by adjusted EBITDA, both on an “adjusted for Canada” basis, and is intended to balance shareholder returns with balance-sheet resilience.

What dividend has British American Tobacco declared for the 2025 financial year?

The Board declared an interim dividend of 245.04p per ordinary share for the year ended 31 December 2025. It is payable in four equal quarterly instalments of 61.26p per share in May 2026, August 2026, November 2026 and February 2027, in sterling for most shareholders.

How is the August 2026 dividend for South African BTI shareholders calculated?

For shareholders on the South Africa branch register, the August 2026 dividend of 61.26p per share is converted at a £:R rate of 21.7279, giving 1,331.05115 SA cents gross. After 20% Dividends Tax, the net amount is 1,064.84092 SA cents per share, subject to any exemptions.

What share count and treasury shares did British American Tobacco report at 26 June 2026?

At close of business on 26 June 2026, British American Tobacco reported 2,165,549,196 ordinary shares in issue excluding treasury shares, and 132,661,181 shares held in treasury. This results in total issued share capital of 2,298,210,377 ordinary shares of 25p each on that date.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

July 1, 2026

Commission File Number: 001-38159 

BRITISH AMERICAN TOBACCO P.L.C.

(Translation of registrant’s name into English)

Globe House

4 Temple Place

London WC2R 2PG

United Kingdom

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

This report includes materials as exhibits that have been published and made available by British American Tobacco p.l.c. (the “Registrant”) as of the date indicated in the relevant exhibit description.

EXHIBIT INDEX

Exhibit		Description
Exhibit 1		Press Release entitled “Transaction in own shares” dated June 1, 2026.
Exhibit 2		Press Release entitled “British American Tobacco p.l.c. (the “Company”) - Voting Rights and Capital” dated June 1, 2026.
Exhibit 3		Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Issue of Shares” dated June 1, 2026.
Exhibit 4		Press Release entitled “Firmly on track to deliver FY guidance, driven by continued U.S. delivery and New Category momentum” dated June 2, 2026.
Exhibit 5		Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated June 4, 2026.
Exhibit 6		Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated June 5, 2026.
Exhibit 7		Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated June 8, 2026.
Exhibit 8		Press Release entitled “Transaction in own shares” dated June 8, 2026.
Exhibit 9		Press Release entitled “Transaction in own shares” dated June 15, 2026.
Exhibit 10		Press Release entitled “British American Tobacco p.l.c. (“the Company”) - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated June 19, 2026.
Exhibit 11		Press Release entitled “Transaction in own shares” dated June 22, 2026.
Exhibit 12		Press Release entitled “British American Tobacco p.l.c. (the “Company”) - Share Buyback Programme” dated June 26, 2026.
Exhibit 13		Press Release entitled “British American Tobacco p.l.c. - Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them” dated June 26, 2026.
Exhibit 14		Press Release entitled “Transaction in own shares” dated June 29, 2026.
Exhibit 15		Press Release entitled “British American Tobacco p.l.c. (the “Company”) - Quarterly Dividends for the year ended 31 December 2025: Payment No. 2 - August 2026 (the “August 2026 Dividend”) - South Africa Branch Register Finalisation Information” dated June 30, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	British American Tobacco p.l.c.
	By:	/s/ Christopher Worlock
		Name:	Christopher Worlock
		Title:	Assistant Secretary

Date: July 1, 2026

Exhibit 1

British American Tobacco p.l.c. 

1 June 2026

TRANSACTION IN OWN SHARES  

British American Tobacco p.l.c. (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 15 April 2026 it purchased the following number of its ordinary shares of 25 pence each ("Shares") from Merrill Lynch International during the period from 26 May 2026 to 29 May 2026 as part of its buyback programme announced on 18 March 2024:  

Date of purchase:	26 May 2026	27 May 2026	28 May 2026	29 May 2026
Number of ordinary shares of 25 pence each purchased:	114,065	119,105	127,580	110,794
Highest price paid per share (pence):	4,918.00p	4,794.00p	4,753.00p	4,652.00p
Lowest price paid per share (pence):	4,805.00p	4,733.00p	4,689.00p	4,554.00p
Volume weighted average price paid per share (pence):	4,858.23p	4,772.23p	4,710.82p	4,592.66p

The Company intends to cancel the purchased Shares.  

Following the purchase and cancellation of these Shares, the Company will have 2,167,631,977 ordinary shares in issue (excluding treasury shares) which carry voting rights and will hold 132,661,181 ordinary shares in treasury. This information may be used by shareholders to determine whether they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK, a schedule of individual trades carried out by Merrill Lynch International during the period set out above is detailed in the attached:

http://www.rns-pdf.londonstockexchange.com/rns/4688G_1-2026-6-1.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4688G_2-2026-6-1.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4688G_3-2026-6-1.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4688G_4-2026-6-1.pdf

Enquiries: 

Investor Relations 

Victoria Buxton | IR_team@bat.com

Schedule of purchases - aggregate information 

Issuer name	ISIN Code	Transaction date	Daily total volume (in number of shares)	Daily weighted average price of shares acquired	Platform
British American Tobacco p.l.c.	GB0002875804	26/05/2026	114,065	4,858.23p	LSE
British American Tobacco p.l.c.	GB0002875804	26/05/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	26/05/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	27/05/2026	119,105	4,772.23p	LSE
British American Tobacco p.l.c.	GB0002875804	27/05/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	27/05/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	28/05/2026	125,022	4,711.17p	LSE
British American Tobacco p.l.c.	GB0002875804	28/05/2026	2,558	4,693.65p	CHIX
British American Tobacco p.l.c.	GB0002875804	28/05/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	29/05/2026	110,794	4,592.66p	LSE
British American Tobacco p.l.c.	GB0002875804	29/05/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	29/05/2026	0	0.00p	BATE

Exhibit 2

British American Tobacco p.l.c. (the “Company”) – Voting Rights and Capital

In conformity with the Disclosure Guidance and Transparency Rules provision 5.6.1, we notify the market of the following:

That, as at 29 May 2026, being the last day of trading for that month, the Company’s issued share capital consisted of 2,300,531,532 ordinary shares of 25p each (“Shares”) with voting rights (the “Voting Rights Figure”).

As at 29 May 2026, the Company held 132,661,181 Shares in Treasury.

The Voting Rights Figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the FCA’s Disclosure Guidance and Transparency Rules.

Nancy Jiang

Senior Assistant Company Secretary

British American Tobacco p.l.c.

1 June 2026

Exhibit 3

British American Tobacco p.l.c. (“the Company”)

1 June 2026

Issue of Shares

In accordance with PRM 1.6.4R, the Company (LEI: 213800FKA5MF17RJKT63) confirms that between 1 May 2026 and 29 May 2026 it has issued and allotted 94,855 ordinary shares of 25 pence each (ISIN GB0002875804) “Shares” in connection with the British American Tobacco p.l.c. Sharesave Scheme.

The Shares were admitted to trading on the London Stock Exchange Main Market under the Company's existing block admission of shares for this purpose dated 1 May 2015 and 3 March 2025 (the “Block Admission”). 1,455,706 ordinary shares (not yet in issue) remain subject to the Block Admission.

The Shares rank equally and are fully fungible with the existing issued ordinary shares of the Company.

Following this issuance of Shares, the Company confirms that as at 29 May 2026, the Company's issued share capital consisted of 2,167,870,351 Shares with voting rights and 132,661,181 Shares held in Treasury.

Nancy Jiang

Senior Assistant Company Secretary

Enquiries:

Media Centre

press_office@bat.com | @BATplc

Investor Relations

Victoria Buxton | IR_team@bat.com

Exhibit 4

2 June 2026

Firmly on track to deliver FY guidance, driven by continued U.S. delivery and New Category momentum

• Accelerating New Category revenue growth led by Modern Oral and Vapour; now expect mid-teens revenue growth for H1 and FY 2026

• Velo continues to deliver excellent revenue and category contribution¹ growth globally

• Strong U.S. revenue and profit² growth, driven by combustibles, Modern Oral and Vapour, with performance expected to be skewed to H1 as we lap a stronger H2 comparator

• Resilient delivery in AME, with performance expected to accelerate in H2, driven by targeted commercial actions and the further roll-out of New Category innovations

• Stabilising performance in APMEA through the year, with sequential improvement in H1 vs. H2 2025

• Further improvement in New Category contribution¹, driven by Modern Oral and Vapour

• H2 weighted Group profit³ delivery, driven by stabilising our performance in APMEA and the increasing realisation of Fit2Win savings through the year

	•	Confident in sustainably delivering our mid-term algorithm: 3-5% revenue, 4-6% APFO3 and 5-8% adjusted diluted EPS3 growth, with 2026 performance still expected at the lower end of these ranges
	•	Strong cash generation, with balanced capital allocation; on track to reduce leverage4 to within 2-2.5x by year-end, alongside a progressive dividend and sustainable share buy-backs, with £1.3bn in 2026

Tadeu Marroco, Chief Executive

“I am pleased that our full-year delivery remains firmly on track. We are continuing to drive good momentum, and are confident in our ability to sustainably deliver our mid-term algorithm and strong cash returns for shareholders.

In the U.S., our robust delivery is driven by combustibles, Vapour and an excellent Modern Oral performance. The strength of our multi-category portfolio and enhanced commercial execution in the world’s largest nicotine value pool reinforces our confidence in future delivery. We welcome the FDA’s recent prioritisation guidance as an important step toward effective enforcement and expanding market access for responsible products, and we are actively preparing our future Modern Oral and Vapour portfolio for market.

In New Categories, revenue growth is accelerating and we now expect to deliver mid-teens for 2026. We continue to prioritise investment in our most profitable value pools, driving strong contribution growth.

Velo continues its excellent performance across all three regions. We further extended our global category volume share leadership⁵ in Modern Oral, the fastest growing New Category with the lowest risk^*† profile, relative to cigarettes.

In Vapour, I am encouraged by improving performance in the U.S., the world’s largest vapour market, while continuing to build a premium segment with Vuse Ultra in other key markets.

In Heated Products, we have proactively streamlined our commercial footprint to drive further scale in glo Hilo in priority markets, while also initiating a platform reset with Hyper Pro Plus in the value segment. We expect H2 share performance improvement, despite financial delivery being adversely impacted by material inventory movements in Japan alongside significant competitive intensity in the value segment.

We are closely monitoring developments in the Middle East. While there is no significant impact on the Group at this time, the broader macroeconomic and geopolitical backdrop is dynamic, increasing the risk of volatility in consumer sentiment should uncertainty persist.

We are making good progress towards our year-end target leverage⁴ range of 2.0–2.5x and remain committed to delivering sustainable shareholder value through robust cash returns.”

Our outlook is underpinned by the following key areas where we have continued to make progress:

1. Combustibles: Resilient financial delivery supported by robust pricing YTD

• Group value share in top markets⁶ -20bps, volume share -30bps

• Continued momentum in U.S. revenue and profit² growth; share: -20bps value, -80bps volume, driven by heightened competitive activity mainly in deep discount (-20bps volume excl. deep discount)

• Resilient AME financial delivery led by Brazil and Türkiye; share: -20bps value, +10bps volume

• In APMEA, while progress has been slower than anticipated in H1, we expect a sequential improvement vs. H2 2025, and our performance to stabilise through the year; share: -30bps value, -30bps volume

2. Accelerating New Category performance, now expecting mid-teens revenue growth in H1 and FY26

2.1 Velo: Continued strong growth and share gains globally; Further extending category leadership

• Volume share +5.7pts of Total Oral and +7.4pts of Modern Oral in top markets⁵

• Strong double-digit revenue growth, driven by industry growth and share gains

• Velo Plus is delivering excellent results in the U.S., driving total volume share of Modern Oral +10.4pts, expect strong financial performance in H1 and FY

• Continued share leadership in AME, over-indexing on value share, with strong financial performance

2.2 Vuse: Extending global value share leadership; Strong U.S. financial performance

• Global value share in top markets⁷ +1.3pts, with continued global leadership in tracked channels

• Strong U.S. financial performance in H1 and FY, value share +4.2pts

	•	AME value share -1.5pts, while maintaining value share leadership in Europe; financial delivery impacted by regulatory changes in the UK and Poland
	•	Expect mid-single digit revenue growth in H1 and FY driven by the U.S.

2 

2.3 glo: Innovation led share performance improvement expected in H2

• Volume share in top markets⁸ -1.6pts, AME -0.7pts, APMEA -2.1pts, reflecting heightened competition in value segment

• Continued premium share⁹ progress, with glo Hilo across key markets: 2.6% (Japan), 8.8% (Poland) and 1.5% (Italy) and encouraging results in new launch markets, Romania and Greece

• Strengthening our value offer with Hyper Pro Plus launches in Q2 in Italy, Romania and Greece

	•	Expect low double-digit revenue decline in H1 and FY, driven by material inventory movements in Japan, and competitive intensity in the value segment
	•	Improving volume share performance in H2 with glo Hilo scale and phased Hyper Pro Plus roll-outs

3. Continued strong cash delivery, and balanced capital allocation

• On track to deliver operating cash flow conversion¹⁰ in excess of 95% in FY26

• We expect to be within our 2.0-2.5x adjusted net debt/adjusted EBITDA target range⁴ by year-end, while maintaining a progressive dividend and sustainable share buy-backs, with £1.3bn in 2026

Technical guidance for FY26:

• Global cigarette industry volume expected to be down c.2.5% (previously c.2%)

• Lower end of our medium-term guidance ranges:

• 3-5% revenue growth, mid-teens (previously low double-digit) New Category revenue growth

• 4-6% adjusted profit from operations³ growth – H2 weighted

• Expected c.1% transactional FX¹¹ headwind

• 5-8% adjusted diluted EPS³ growth

• Translational FX¹¹ headwind of 2-3% on half-year and full-year adjusted diluted EPS growth

• Net finance costs³ of c.£1.75bn, (previously £1.8bn) subject to interest rate volatility

• Operating cash flow conversion¹⁰ in excess of 95%, gross capital expenditure of c.£750m

• Leverage⁴ within our 2.0-2.5x adjusted net debt/adjusted EBITDA target corridor by year end

3 

For further information, please contact:

Media Centre

+44 (0) 20 7845 2888 (24 hours) | press_office@bat.com | @BATplc

Investor Relations
ir_team@bat.com

Victoria Buxton: +44 (0)20 7845 2012

Amy Chamberlain: +44 (0)20 7845 1124

John Harney: +44 (0)20 7845 1263

Webcast and Conference call - The conference call will begin at 8.30am (BST)

You can access the audio webcast via our website. You can also listen via conference call by dialling the numbers below. Quote the password ‘BAT – First Half Pre-Close’ when prompted by the operator.

UK Toll-Free: 0808 109 0700

UK-Toll: +44 (0) 33 0551 0200

South Africa Toll-Free: 0800 980 512

USA Toll-Free: 866 580 3963

USA Toll: +1 786 697 3501

A playback facility for the conference call will be available online via: www.bat.com.

Financial guidance and trading update expectations based on constant rates: Measures are calculated based on the prior year’s exchange rate, removing the potentially distorting effect of translational foreign exchange on the Group’s results. The Group does not adjust for normal transactional gains or losses in profit from operations which are generated by exchange rate movements.

Market share data YTD March 2026 average share growth vs. FY25 average, unless otherwise stated.

This announcement also contains New Category contribution, adjusted profit from operations, adjusted EBITDA, adjusted diluted earnings per share, adjusted net debt, adjusted net finance costs and adjusted profit attributable to shareholders, all of which are before the impact of adjusting items and which are reconciled from profit from operations, borrowings, net finance costs and profit attributable to shareholders. See “Note on Non-GAAP Measures”.

¹ New Category profitability at category contribution level: Profit from operations before the impact of adjusting items and translational foreign exchange, having allocated costs that are directly attributable to New Categories.

² Adjusted Profit from Operations: Profit from operations before the impact of adjusting items.

³ Adjusted Profit from Operations (adjusted for Canada): Profit from operations before the impact of adjusting items on an “adjusted for Canada” basis.

Net finance costs (adjusted for Canada): Also presented on an “adjusted for Canada” basis.

Adjusted diluted EPS (adjusted for Canada): Diluted earnings per share before the impact of adjusting items and the performance of Canada (where applicable, and excluding New Categories), presented at the prior year’s rate of exchange.

Adjusted for Canada: Certain adjusted measures, including adjusted profit from operations, category contribution, net finance costs, adjusted diluted earnings per share, leverage and adjusted EBITDA, are also presented on an “adjusted for Canada” basis, reflecting the removal of 100% of adjusted profit from operations of our Canadian business, excluding New Categories, from 2025 results and 85% from 2026 results, to remove the distorting effect of the Canadian results, as from 29 August 2025, the date all of the Group’s outstanding tobacco litigation in Canada was settled. Annual payments based on a percentage (initially 85%, reducing over time) of the Group’s net income after taxes, based on amounts generated in Canada from all sources, excluding New Categories, will be paid out by the Group until the aggregate settlement amount is paid. 

4 

⁴ Leverage refers to the ratio of adjusted net debt to adjusted EBITDA, excluding cash and investments held at fair value.

Adjusted net debt is not a measure defined by IFRS. Adjusted net debt is total borrowings, including related derivatives, less cash and cash equivalents and current investments held at fair value, excluding the impact of the revaluation of Reynolds American Inc. acquired debt arising as part of the purchase price allocation process.

Adjusted EBITDA is not a measure defined by IFRS. Adjusted EBITDA is profit for the year before net finance costs/income, taxation on ordinary activities, depreciation, amortisation, impairment costs, the Group’s share of post-tax results of associates and joint ventures, and other adjusting items, on an “adjusted for Canada” basis.

⁵ Top Modern Oral markets: U.S. – Circana Non-Syndicated RSD, Sweden – NielsenIQ, Denmark – NielsenIQ, Norway – NielsenIQ, Switzerland – IMS, the UK – NielsenIQ, Poland – NielsenIQ. These seven markets account for c.90% of total industry Modern Oral revenue in 2025.

⁶ Top Cigarette markets: U.S. – Circana Non-Syndicated RSD, Germany – NielsenIQ, Japan – CVS, Romania – NielsenIQ, Brazil – Scanntech, Mexico – NielsenIQ, Pakistan – Access Retail. These seven markets account for c.50% of cigarette industry revenue in 2025.

⁷ Top Vapour markets: U.S. – Circana Non-Syndicated RSD, Canada – Scan Data, the UK – NielsenIQ, France – Logista RA, Germany – NielsenIQ, Spain – Logista RA. These six markets account for c.70% of rechargeable closed systems consumables and disposables industry revenue in tracked channels in 2025.

⁸ Top HP markets: Japan – CVS-BC, South Korea – CVS, Italy – NielsenIQ, Germany – NielsenIQ, Greece – NielsenIQ, Poland – NielsenIQ, Romania – NielsenIQ, the Czech Republic – NielsenIQ, Portugal – Logista RA, Spain – Logista RA. These ten markets account for c.80% of total industry HP revenue in 2025.

⁹ Premium share refers to share of premium/above weighted average price segment in referenced markets.

¹⁰ Operating Cash Conversion: Net cash generated from operating activities before the impact of adjusting items and dividends from associates and excluding trading loans to third parties, pension short fall funding, taxes paid and net capital expenditure, as a proportion of adjusted profit from operations.

¹¹ Based on current exchange rates of USD/GBP 1.34795 as at 29 May 2026.

^* Based on the weight of evidence and assuming a complete switch from cigarette smoking. These products are not risk free and are addictive.

^† Products sold in the U.S., including Vuse, Velo, Grizzly, Kodiak, and Camel Snus, are subject to FDA regulation and no reduced-risk claims will be made as to these products without agency clearance.

Share growth refers to volume share for HP and Modern Oral and value share for Vapour. As used herein, volume share refers to the estimated retail sales volume of the product sold as a proportion of total estimated retail sales volume in that category and value share refers to the estimated retail sales value of the product sold as a proportion of total estimated retail sales value (rechargeable closed systems consumables and disposables) in that category. Please refer to the 2025 Annual Report on Form 20-F for a full description of these measures, on pages 23 and 24. Industry and global revenue refer to the total industry revenue in the markets in which we are present.

New Categories comprises Heated Products (HP), Vapour and Modern Oral.

5 

H1 2025 Analysis of adjusted profit from operations and diluted earnings per share by segment

Six months ended 30 June 2025
	Group Reported	Adj Items*	Adjusted	Adj for Canada	As adjusted for Canada
	£m	£m	£m	£m	£m
Profit from Operations
U.S.	2,255	808	3,036	-	3,063
AME	1,969	(495)	1,474	(154)	1,320
APMEA	845	12	857	-	857
Total Region	5,069	325	5,394	(154)	5,240
Net finance costs	(969)	98	(871)	(42)	(913)
Associates and joint ventures	1,474	(1,242)	232	-	232
Profit before tax	5,574	(819)	4,755	(196)	4,559
Taxation	(1,009)	(95)	(1,104)	51	(1,053)
Non-controlling interests	(53)	(3)	(56)	-	(56)
Coupons relating to hybrid bonds net of tax	(22)	-	(22)	-	(22)
Profit attributable to shareholders	4,490	(917)	3,573	(145)	3,428
Diluted number of shares (m)	2,205		2,205		2,205
Diluted earnings per share (pence)	203.6		162.0		155.5

Notes to the analysis of profit from operations above:

* Adjusting items represent certain items which the Group considers distinctive based upon their size, nature or incidence.

Note on Non-GAAP Measures

This announcement contains several forward-looking non-GAAP measures used by management to monitor the Group’s performance. For the non-GAAP information contained in this announcement, no comparable GAAP or IFRS information is available on a forward-looking basis and our forward-looking revenue and other components of the Group’s results, including adjusting items, cannot be estimated with reasonable certainty due to, among other things, the impact of foreign exchange and adjusting items, which could be significant, being highly variable. As such, no reconciliations for this forward-looking non-GAAP information are available and we are unable to: present revenue before presenting constant currency revenue; or present profit from operations before presenting adjusted profit from operations at constant rates as adjusted for Canada; or present diluted EPS before presenting adjusted EPS at constant rates as adjusted for Canada; or present profit/(loss) for the year before presenting adjusted EBITDA at constant rates as adjusted for Canada.

One non-GAAP measure which the Group uses and that is contained in this announcement is operating cash conversion, a non-GAAP measure defined as net cash generated from operating activities before the impact of adjusting items and dividends from associates and excluding trading loans to third parties, pension short fall funding, taxes paid and net capital expenditure, as a proportion of adjusted profit from operations. This announcement also contains New Category contribution, adjusted profit from operations, adjusted diluted earnings per share, adjusted EBITDA, adjusted net debt and adjusted net finance costs, all of which are before the impact of adjusting items and which are reconciled from profit from operations, diluted earnings per share, profit / (loss) for the year, net debt and borrowings.

Adjusting items, as identified in accordance with the Group’s accounting policies, represent certain items of income and expense which the Group considers distinctive based on their size, nature or incidence. These include significant items in, profit from operations, net finance costs, taxation and the Group’s share of the post-tax results of associates and joint ventures which individually or, if of a similar type, in aggregate, are relevant to an understanding of the Group’s underlying financial performance. Although the Group does not believe that these measures are a substitute for IFRS measures, the Group does believe such results excluding the impact of adjusting items provide additional useful information to investors regarding the underlying performance of the business on a comparable basis.

6 

The Group’s Management Board reviews a number of our IFRS and non-GAAP measures for the Group and its geographic segments at constant rates of exchange. This allows comparison of the Group’s results, had they been translated at the previous year’s average rates of exchange. The Group does not adjust for the normal transactional gains and losses in operations that are generated by exchange movements. Although the Group does not believe that these measures are a substitute for IFRS measures, the Group does believe that such results excluding the impact of currency fluctuations year-on-year provide additional useful information to investors regarding the operating performance on a local currency basis.

The Group’s Management Board regularly reviews the measures used to assess and present the financial performance of the Group and, as relevant, its geographic segments, and believes that these measures provide additional useful information to investors. Certain of our measures are presented based on an adjusted basis and on a constant currency basis. Please refer to the 2025 Annual Report on Form 20-F for a full description of each measure alongside non-financial measures, pages 23 to 24, 42 to 48, 71 to 75, 102 to 109 and 160 to 162.

Forward looking statements

References in this announcement to ‘BAT’, ‘Group’, ‘we’, ‘us’ and ‘our’ when denoting opinion refer to British American Tobacco p.l.c. (BAT PLC) and when denoting business activity refer to BAT Group operating companies, collectively or individually as the case may be.

This announcement does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any BAT PLC shares or other securities. This announcement contains certain forward-looking statements, including “forward-looking” statements made within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words or phrases such as “believe,” “anticipate,” “could,” “may,” “would,” “should,” “intend,” “plan,” “potential,” “predict,” “will,” “confident in”, “expect,” “estimate,” “project,” “positioned,” “strategy,” “outlook”, “target” and similar expressions. In particular, these forward-looking statements include statements regarding (i) the Group’s expectations with respect to growth of revenue and adjusted profit from operations in H1, H2 and FY 2026 at the Group, segment and category levels, (ii) the Group’s expectations with respect to New Category revenue in H1, H2 and FY 2026, (iii) the Group’s expectations to deliver on the mid-term algorithm in 2026, (iv) the Group’s expectations with respect to Vuse revenue in H1 and FY 2026, (v) statements under the heading “Continued strong cash delivery, and balanced capital allocation”, (vi) statements regarding strong cash returns, (vii) statements regarding the progressive dividend and sustainable share buy-back, including £1.3bn in 2026 and (viii) statements under the heading “Technical guidance for FY26”.

These include statements regarding our intentions, beliefs or current expectations concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the economic and business circumstances occurring from time to time in the countries and markets in which the Group operates.

All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors. It is believed that the expectations reflected in this announcement are reasonable, but they may be affected by a wide range of variables that could cause actual results and performance to differ materially from those currently anticipated.

Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are uncertainties related to the following: the impact of increased competition from illicit trade and illegal products; changes or differences in domestic or international economic or political conditions; the impact of adverse domestic or international legislation and regulation of tobacco, New Categories and other regulation; the impact of supply chain disruptions; adverse litigation and external investigations and dispute outcomes and the effect of such outcomes on the Group’s financial condition; the impact of significant increases or structural changes in tobacco, nicotine and New Categories related taxes; the inability to develop, commercialise and deliver the Group’s New Categories strategy; adverse decisions by domestic or international regulatory bodies, including disputed taxes, interest and penalties; the impact of serious injury, illness or death in the workplace and those who work with the business; the ability to maintain credit ratings and to fund the business under the current capital structure; translational and transactional foreign exchange rate exposure; direct and indirect adverse impacts associated with climate change (both physical and transition); the ability to deliver a viable circular business model in response to global demand, combined with increasing regulatory, stakeholder and consumer pressure; and the Group’s ability to defend against Cyber & Digital actions that result in loss of confidentiality, availability or integrity of systems and data.

7 

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. The forward-looking statements reflect knowledge and information available at the date of preparation of this announcement and BAT undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on such forward-looking statements.

No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings per share of BAT PLC for the current or future financial years would necessarily match or exceed the historical published earnings per share of BAT PLC.

Additional information concerning these, and other factors can be found in BAT PLC filings with the U.S. Securities and Exchange Commission (“SEC”), including the 2025 Annual Report on Form 20-F, filed on 13 February 2026, and Current Reports on Form 6-K, which may be obtained free of charge at the SEC’s website, http://www.sec.gov and BAT’s website, http://www.bat.com. 

8

Exhibit 5

British American Tobacco p.l.c.

(“the Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The Company has been notified by the trustee of the British American Tobacco Share Incentive Plan that on 3 June 2026 the following Executive Director and other persons discharging managerial responsibilities purchased ordinary shares of 25p each in British American Tobacco p.l.c. by way of the Partnership Share Scheme.  

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tadeu Marroco
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	4
d)	Aggregated information - Aggregated volume - Price	4 £176.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Barrett
2	Reason for the notification
a)	Position/status	Director, Business Development
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	4
d)	Aggregated information - Aggregated volume - Price	4 £176.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Luciano Comin
2	Reason for the notification
a)	Position/status	Chief Marketing Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	3
d)	Aggregated information - Aggregated volume - Price	3 £132.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Javed Iqbal
2	Reason for the notification
a)	Position/status	Interim Chief Financial Officer and Director, Digital and Information
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	3
d)	Aggregated information - Aggregated volume - Price	3 £132.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Paul McCrory
2	Reason for the notification
a)	Position/status	Director, Legal and General Counsel
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	4
d)	Aggregated information - Aggregated volume - Price	4 £176.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Murphy
2	Reason for the notification
a)	Position/status	Director, Research and Science
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	4
d)	Aggregated information - Aggregated volume - Price	4 £176.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Johan Vandermeulen
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of ordinary shares under the Partnership Share Scheme – a HMRC approved Share Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.99959	4
d)	Aggregated information - Aggregated volume - Price	4 £176.00
e)	Date of the transaction	2026-06-03
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Nancy Jiang

Date of notification: 4 June 2026

Exhibit 6

British American Tobacco p.l.c.

(“the Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tadeu Marroco
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of shares in the joint names of Tadeu Marroco and Luciana Franco Do Amaral
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.06	5,000
d)	Aggregated information - Aggregated volume - Price	5,000 £215,300.00
e)	Date of the transaction	2026-06-05
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Luciana Franco Do Amaral
2	Reason for the notification
a)	Position/status	Person Closely Associated with a person discharging managerial responsibilities; Tadeu Marroco, Chief Executive
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of shares in the joint names of Tadeu Marroco and Luciana Franco Do Amaral
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.06	5,000
d)	Aggregated information - Aggregated volume - Price	5,000 £215,300.00
e)	Date of the transaction	2026-06-05
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Claire Dhokia

Date of notification: 5 June 2026

Exhibit 7

British American Tobacco p.l.c.

(“the Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Yulia Wheaton
2	Reason for the notification
a)	Position/status	Person Closely Associated with a person discharging managerial responsibilities; Kingsley Wheaton, Chief Corporate Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£43.90	354
d)	Aggregated information - Aggregated volume - Price	354 £15,540.60
e)	Date of the transaction	2026-06-05
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Nancy Jiang

Date of notification: 8 June 2026

Exhibit 8

British American Tobacco p.l.c. 

8 June 2026

TRANSACTION IN OWN SHARES  

British American Tobacco p.l.c. (the “Company”) announces that in accordance with the authority granted by shareholders at the Company’s Annual General Meeting on 15 April 2026 it purchased the following number of its ordinary shares of 25 pence each (“Shares”) from Merrill Lynch International during the period from 1 June 2026 to 5 June 2026 as part of its buyback programme announced on 18 March 2024:  

Date of purchase:	1 June 2026	2 June 2026	3 June 2026	4 June 2026	5 June 2026
Number of ordinary shares of 25 pence each purchased:	99,224	144,289	128,274	128,333	120,249
Highest price paid per share (pence):	4,622.00p	4,517.00p	4,487.00p	4,371.00p	4,426.00p
Lowest price paid per share (pence):	4,573.00p	4,370.00p	4,361.00p	4,294.00p	4,276.00p
Volume weighted average price paid per share (pence):	4,596.96p	4,437.97p	4,423.08p	4,326.68p	4,383.38p

The Company intends to cancel the purchased Shares.  

Following the purchase and cancellation of these Shares, the Company will have 2,167,017,793 ordinary shares in issue (excluding treasury shares) which carry voting rights and will hold 132,661,181 ordinary shares in treasury. This information may be used by shareholders to determine whether they are required to notify their interest, or a change to their interest, in the Company under the FCA’s Disclosure Guidance and Transparency Rules. 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK, a schedule of individual trades carried out by Merrill Lynch International during the period set out above is detailed in the attached:

http://www.rns-pdf.londonstockexchange.com/rns/4276H_1-2026-6-8.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4276H_2-2026-6-8.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4276H_3-2026-6-8.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4276H_4-2026-6-8.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4276H_5-2026-6-8.pdf

Enquiries: 

Investor Relations 

Victoria Buxton | IR_team@bat.com

Schedule of purchases - aggregate information 

Issuer name	ISIN Code	Transaction date	Daily total volume (in number of shares)	Daily weighted average price of shares acquired	Platform
British American Tobacco p.l.c.	GB0002875804	01/06/2026	99,224	4,596.96	LSE
British American Tobacco p.l.c.	GB0002875804	01/06/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	01/06/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	02/06/2026	144,289	4,437.97	LSE
British American Tobacco p.l.c.	GB0002875804	02/06/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	02/06/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	03/06/2026	128,274	4,423.08	LSE
British American Tobacco p.l.c.	GB0002875804	03/06/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	03/06/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	04/06/2026	128,333	4,326.68	LSE
British American Tobacco p.l.c.	GB0002875804	04/06/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	04/06/2026	0	0.00p	BATE
British American Tobacco p.l.c.	GB0002875804	05/06/2026	120,249	4,383.38	LSE
British American Tobacco p.l.c.	GB0002875804	05/06/2026	0	0.00p	CHIX
British American Tobacco p.l.c.	GB0002875804	05/06/2026	0	0.00p	BATE

Exhibit 9

British American Tobacco p.l.c. 

15 June 2026

TRANSACTION IN OWN SHARES  

British American Tobacco p.l.c. (the “Company”) announces that in accordance with the authority granted by shareholders at the Company’s Annual General Meeting on 15 April 2026 it purchased the following number of its ordinary shares of 25 pence each (“Shares”) from Merrill Lynch International during the period from 8 June 2026 to 12 June 2026 as part of its buyback programme announced on 18 March 2024:  

Date of purchase:	8 Jun 2026	9 Jun 2026	10 Jun 2026	11 Jun 2026	12 Jun 2026
Number of ordinary shares of 25 pence each purchased:	129,323	124,954	122,358	120,643	119,853
Highest price paid per share (pence):	4,522.00p	4,486.00p	4,559.00p	4,626.00p	4,652.00p
Lowest price paid per share (pence):	4,445.00p	4,405.00p	4,466.00p	4,562.00p	4,532.00p
Volume weighted average price paid per share (pence):	4,481.98p	4,457.84p	4,518.49p	4,598.83p	4,606.52p

The Company intends to cancel the purchased Shares.  

Following the purchase and cancellation of these Shares, the Company will have 2,166,401,657 ordinary shares in issue (excluding treasury shares) which carry voting rights and will hold 132,661,181 ordinary shares in treasury. This information may be used by shareholders to determine whether they are required to notify their interest, or a change to their interest, in the Company under the FCA’s Disclosure Guidance and Transparency Rules. 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK, a schedule of individual trades carried out by Merrill Lynch International during the period set out above is detailed in the attached:

http://www.rns-pdf.londonstockexchange.com/rns/3227I_1-2026-6-15.pdf

http://www.rns-pdf.londonstockexchange.com/rns/3227I_2-2026-6-15.pdf

http://www.rns-pdf.londonstockexchange.com/rns/3227I_3-2026-6-15.pdf

http://www.rns-pdf.londonstockexchange.com/rns/3227I_4-2026-6-15.pdf

http://www.rns-pdf.londonstockexchange.com/rns/3227I_5-2026-6-15.pdf 

Enquiries: 

Investor Relations 

Victoria Buxton | IR_team@bat.com

Schedule of purchases - aggregate information 

Issuer name	ISIN Code	Transaction date	Daily total volume (in number of shares)	Daily weighted average price of shares acquired	Platform
British American Tobacco p.l.c.	GB0002875804	08/06/2026	129,323	4,481.98p	LSE
British American Tobacco p.l.c.	GB0002875804	08/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	08/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	09/06/2026	124,954	4,457.84p	LSE
British American Tobacco p.l.c.	GB0002875804	09/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	09/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	10/06/2026	122,358	4,518.49p	LSE
British American Tobacco p.l.c.	GB0002875804	10/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	10/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	11/06/2026	120,643	4,598.83p	LSE
British American Tobacco p.l.c.	GB0002875804	11/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	11/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	12/06/2026	119,853	4,606.52p	LSE
British American Tobacco p.l.c.	GB0002875804	12/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	12/06/2026	0	0p	BATE

Exhibit 10

British American Tobacco p.l.c.

(“the Company”)

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Johan Vandermeulen
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Transfer of shares between own accounts for nil consideration.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	11,299
d)	Aggregated information - Aggregated volume - Price	11,299 Nil
e)	Date of the transaction	2026-06-18
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Christopher Worlock

Date of notification: 19 June 2026

Exhibit 11

British American Tobacco p.l.c. 

22 June 2026

TRANSACTION IN OWN SHARES  

British American Tobacco p.l.c. (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 15 April 2026 it purchased the following number of its ordinary shares of 25 pence each ("Shares") from Merrill Lynch International during the period from 15 June 2026 to 18 June 2026 as part of its buyback programme announced on 18 March 2024:  

Date of purchase:	15 Jun 2026	16 Jun 2026	17 Jun 2026	18 Jun 2026
Number of ordinary shares of 25 pence each purchased:	120,543	127,437	121,105	125,201
Highest price paid per share (pence):	4,642.00p	4,608.00p	4,577.00p	4,487.00p
Lowest price paid per share (pence):	4,595.00p	4,510.00p	4,449.00p	4,392.00p
Volume weighted average price paid per share (pence):	4,619.82p	4,590.19p	4,494.62p	4,423.12p

The Company intends to cancel the purchased Shares.  

Following the purchase and cancellation of these Shares, the Company will have 2,165,909,992  ordinary shares in issue (excluding treasury shares) which carry voting rights and will hold 132,661,181 ordinary shares in treasury. This information may be used by shareholders to determine whether they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK, a schedule of individual trades carried out by Merrill Lynch International during the period set out above is detailed in the attached:

http://www.rns-pdf.londonstockexchange.com/rns/1856J_1-2026-6-22.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1856J_2-2026-6-22.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1856J_3-2026-6-22.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1856J_4-2026-6-22.pdf

Enquiries: 

Investor Relations 

Victoria Buxton | IR_team@bat.com

Schedule of purchases - aggregate information 

Issuer name	ISIN Code	Transaction date	Daily total volume (in number of shares)	Daily weighted average price of shares acquired	Platform
British American Tobacco p.l.c.	GB0002875804	15/06/2026	120,543	4,619.82p	LSE
British American Tobacco p.l.c.	GB0002875804	15/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	15/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	16/06/2026	127,437	4,590.19p	LSE
British American Tobacco p.l.c.	GB0002875804	16/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	16/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	17/06/2026	121,105	4,494.62p	LSE
British American Tobacco p.l.c.	GB0002875804	17/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	17/06/2026	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	18/06/2026	125,201	4,423.12p	LSE
British American Tobacco p.l.c.	GB0002875804	18/06/2026	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	18/06/2026	0	0p	BATE

Exhibit 12

British American Tobacco p.l.c. (the “Company”)

26 June 2026

Share Buyback Programme

Further to the share buyback programme announcement on 18 March 2024 (“the Programme”), and the subsequent extension of the Programme announced on 10 December 2025, the Company announces that it has entered into an irrevocable, non-discretionary agreement with UBS AG London Branch to purchase ordinary shares of the Company (“Shares”) during the closed period commencing on 30 June 2026 and ending at the close of business on 29 July 2026, the day prior to the release of its half year preliminary results.

UBS AG London Branch will make its trading decisions in relation to the Company’s Shares independently of, and uninfluenced by, the Company.

The purpose of the Programme is to reduce the share capital of the Company. The Shares repurchased will be cancelled.

Any purchases of Shares by the Company in relation to this announcement will be undertaken within certain pre-set parameters, and in accordance with the Company’s general authority to repurchase shares granted by its shareholders from time to time (at the Company's 2026 AGM, shareholders granted the Company authority to purchase a maximum of 217,492,219 Shares (the “Authority”)), the Market Abuse Regulation 596/2014 and the Commission Delegated Regulation (2016/1052), in each case as such legislation forms part of domestic law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (as amended), and Chapter 9.6 of the Financial Conduct Authority's UK Listing Rules.

Pursuant to the Authority, the maximum price which may be paid for a Share is an amount (exclusive of taxes and expenses) equal to the higher of:

	-	105 per cent of the average market value of a Share as derived from the LSE's Daily Official List for the five business days immediately preceding the day on which the Share is purchased, in accordance with Listing Rule 9.6.1 of the Listing Rules published pursuant to Part 6 of the Financial Services and Markets Act 2000 ("FSMA") (the "Listing Rules"); and
	-	the higher of (i) the price of the last independent trade and (ii) the highest current independent purchase bid on the trading venue where the purchase is carried out, including when the shares are traded on different trading venues, in accordance with Article 3(2) of the UK Safe Harbour Regulation.

Enquiries:

Investor Relations 

Victoria Buxton: | IR_team@bat.com

Exhibit 13

British American Tobacco p.l.c.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Johan Vandermeulen
2	Reason for the notification
a)	Position/status	Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Transfer of shares to Karen Claeskens, a Person Closely Associated
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	11,299
d)	Aggregated information - Aggregated volume - Price	11,299 Nil
e)	Date of the transaction	2026-06-26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Karen Claeskens
2	Reason for the notification
a)	Position/status	Person Closely Associated with a person discharging managerial responsibilities; Johan Vandermeulen, Chief Operating Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	British American Tobacco p.l.c.
b)	LEI	213800FKA5MF17RJKT63
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 25p each GB0002875804
b)	Nature of the transaction	Transfer of shares from Johan Vandermeulen
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	11,299
d)	Aggregated information - Aggregated volume - Price	11,299 Nil
e)	Date of the transaction	2026-06-26
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Christopher Worlock

Date of notification: 26 June 2026

Exhibit 14

British American Tobacco p.l.c. 

29 June 2026

TRANSACTION IN OWN SHARES  

British American Tobacco p.l.c. (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 15 April 2026 it purchased the following number of its ordinary shares of 25 pence each ("Shares") from Merrill Lynch International during the period from 22 June 2026 to 26 June 2026 as part of its buyback programme announced on 18 March 2024:  

Date of purchase:	22 Jun 2026	23 Jun 2026	24 Jun 2026	25 Jun 2026	26 Jun 2026
Number of ordinary shares of 25 pence each purchased:	125,077	117,752	119,164	117,653	117,509
Highest price paid per share (pence):	4,447.00p	4,607.00p	4,672.00p	4,723.00p	4,802.00p
Lowest price paid per share (pence):	4,348.00p	4,489.00p	4,567.00p	4,621.00p	4,729.00p
Volume weighted average price paid per share (pence):	4,408.75p	4,563.88p	4,639.06p	4,688.69p	4,757.67p

The Company intends to cancel the purchased Shares.  

Following the purchase and cancellation of these Shares, the Company will have 2,165,314,034 ordinary shares in issue (excluding treasury shares) which carry voting rights and will hold 132,661,181 ordinary shares in treasury. This information may be used by shareholders to determine whether they are required to notify their interest, or a change to their interest, in the Company under the FCA's Disclosure Guidance and Transparency Rules. 

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK, a schedule of individual trades carried out by Merrill Lynch International during the period set out above is detailed in the attached:

http://www.rns-pdf.londonstockexchange.com/rns/1828K_1-2026-6-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1828K_2-2026-6-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1828K_3-2026-6-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1828K_4-2026-6-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/1828K_5-2026-6-29.pdf

Enquiries: 

Investor Relations 

Victoria Buxton | IR_team@bat.com

Schedule of purchases - aggregate information 

Issuer name	ISIN Code	Transaction date	Daily total volume (in number of shares)	Daily weighted average price of shares acquired	Platform
British American Tobacco p.l.c.	GB0002875804	22/06/26	125,077	4,408.75p	LSE
British American Tobacco p.l.c.	GB0002875804	22/06/26	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	22/06/26	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	23/06/26	117,752	4,563.88p	LSE
British American Tobacco p.l.c.	GB0002875804	23/06/26	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	23/06/26	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	24/06/26	119,164	4,639.06p	LSE
British American Tobacco p.l.c.	GB0002875804	24/06/26	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	24/06/26	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	25/06/26	117,653	4,688.69p	LSE
British American Tobacco p.l.c.	GB0002875804	25/06/26	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	25/06/26	0	0p	BATE
British American Tobacco p.l.c.	GB0002875804	26/06/26	117,509	4,757.67p	LSE
British American Tobacco p.l.c.	GB0002875804	26/06/26	0	0p	CHIX
British American Tobacco p.l.c.	GB0002875804	26/06/26	0	0p	BATE

Exhibit 15

British American Tobacco p.l.c. (the “Company”)

Quarterly Dividends for the year ended 31 December 2025:

Payment No. 2 – August 2026 (the “August 2026 Dividend”)

South Africa Branch Register Finalisation Information

On 12 February 2026, the Company announced that the Board had declared an interim dividend of 245.04p per ordinary share of 25p, payable in four equal quarterly instalments of 61.26p per ordinary share in May 2026, August 2026, November 2026 and February 2027.

The August 2026 Dividend will be payable on 14 August 2026 to shareholders registered on either the UK main register or the South Africa branch register on 10 July 2026 (the record date).

In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the August 2026 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 12 February 2026 remain unchanged for the August 2026 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=21.7279 as at 26 June 2026 (the closing rate on that date as quoted by Bloomberg), results in an equivalent August 2026 Dividend of 1,331.05115 SA cents per ordinary share.

South Africa Branch Register: Dividends Tax Information

South Africa Dividends Tax (at a rate of 20%), equivalent to 266.21023 cents per ordinary share, will be withheld from the gross August 2026 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 1,064.84092 cents per ordinary share. The August 2026 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 2026 Dividend is the United Kingdom.

At the close of business on 26 June 2026 (the latest practicable date prior to the date of the declaration of the South African rand equivalent of the August 2026 Dividend), the Company had a total of 2,165,549,196 ordinary shares in issue (excluding treasury shares). The Company held 132,661,181 ordinary shares in treasury giving a total issued share capital of 2,298,210,377 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:

Christopher Worlock

Assistant Secretary

British American Tobacco p.l.c.

30 June 2026

Enquiries:

Media Centre

press_office@bat.com │@BATplc

Investor Relations

Victoria Buxton | IR_team@bat.com

Filing Exhibits & Attachments

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