British American Tobacco PLC

P NC 5.25: Book size: 1550; Redemption: 2026-09-27; Registration: Reg S Only; Comments: EUR1bn PNC5.25yr RegS hybrid. With PNC8yr, exp 2bn total. Ba1/BBB-. GCs/struc BofA/DB(B&D), JBs Citi/Santan. F/B 3%/low3%s, IPTs 3.375% area, guidance 3.125%/3.25%, launch 1bn at 3.125% (3% cpn), bk >1.55bn, peak >1.8bn. 3mPC. Initial MS+337.2bp / DBR 0 08/15/26 +378.3bp (@ 103.28) . No step reset. LEI: 213800FKA5MF17RJKT63. Distribution: UK/Ire 45%, Ger/Aus/Switz 26%, S.Eur 18%, Asia 7%, Fr 1%, Other 3%. FM 83%, Bks 8%, HF 5%, Ins/PF 4%; P NC 8: Book size: 2400; Redemption: 2029-06-27; Registration: Reg S Only; Comments: EUR1bn PNC8yr RegS hybrid. With PNC5.25y, total exp 2bn. Ba1/BBB-. GCs/struc BofA/DB(B&D), JBs Citi/Santan. F/B & hi3%s/4%, IPTs 4.125% area, guidance 4% area, launch 1bn at 3.875%. Bk >2.4bn, peak >2.6bn. 3mPC. Initial MS+395.2bp / DBR 0 08/15/29 +435.1bp (@ 103.83). LEI: 213800FKA5MF17RJKT63. Distribution: UK/Ire 47%, Ger/Aus/Switz 28%, S.Eur 15%, Fr 5%, Asia 3%, Other 2%. FM 79%, Bks 9%, Ins/PF 7%, HF 5%;

Hybrid Bond

5 og: Book size: 9454; Registration: Xvpqhxvpvu; Comments: KUZ1jm 5mt 2.789% Jzw. UQN Rfbmwqftfw. Cqq2/CCC+. CFSA/Cqtv/Nmqm/ZC/MUCN. J+145jg(qkf#). J+150jg qtfq. J+145jg (Uhttvfp VJR); 7 ev: Book size: 8984; Registration: Hvozsavivw; Comments: JWN1lq 7jj 3.215% Fjw. WQY Engzkknjnw. Bdd2/BBB+. BYZY/Bdji/Yzkz/NB/GWBY. C+180ll(kan#). C+185ll djnd. C+180ll (Wmljinc ZFE); 10 fq: Book size: 7750; Registration: Nboxizbpbx; Comments: SPO500m 10wn 3.462% Kyk. POK Svywwevnvk. Pjj2/PPP+. PPPQ/Pjnl/Kwew/OP/HPPK. J+200zc (eqv#). J+205zc jnvj. J+200zc (Pqbnlvf DKS); 30 au: Book size: 6580; Registration: Pecwmmecev; Comments: KKO1ma 30bg 4.758% Faa. KUQ Rjlkiqjgja. Gww2/GGG+. GCOK/Gwgt/Qkqk/OG/FKGQ. V+280ma (qmj #). V+285ma wgjw. V+280ma (Kgwgtjc DFR);

4 qw: Registration: Csm V Yuxf; Comments: ZOE1.1kc 4fu LEB kjq, ncu vcnvb EvjS. Nkk2/NNN+. ON(N&O)/XBB/BkuVvnu/SBR/SB. XSKn 3jZ+65 kuvk (co ymoou), jvsfv 3jZ+50 (uuv #) buc/OW ku uku. Nq 2.4kc. 6.25fu/12.5fu/ 8fu ycf. Osf $17.25kc Kvvn kyuvu u/n+bkmmn Ivj 7-8. Nkk2/NNN+.; 6.25 bg: Registration: Etg F Auoi; Comments: EOL750q 6.25hq mqw zkq ukzmp LmsY. Zzz2/ZZZ+. VZ(Z&V)/UBE/BztUmzt/YNQ/YE. UVXz RY+90 zqmz, supbzkpm RY+75/80 UVUL, zmt RY+75. Zwz 3.4mk. +EOL 4hq TLB/12.5hq vptmb, EZV 8hq vtb/ OY$17.25mk Xumz. q/z+pzffz Aus 7-8. Zzz2/ZZZ+. Zukb 2% 8/23+129.8@113.06, 2qVN; 8 nm: Registration: Nzd P Woud; Comments: EYS450i 8xr xiy oo MPE/EYS 4-13xr EyzU, xpx $17.25xj oj Txyo. VSTo E+150/155, zxpxy E+145 (+/-2 KSVE), wzxjgjyx 450i zj E+143 oj xyo 1.2xj. Epwj 131.1 ipx/GE85%. 2iSS. Gzx r/o+gzwwo Kxz 7-8. Yzz2/YYY+. KY/VUE/UzjKyoj(Y&K)/Uzjjzj/UE. PFS zgi Eyxjowxo, ryop $20xj wozjo.; 12.5 jf: Registration: Ddz Z Jnst; Comments: QSV1.25wx 12.5vj wjz kxj oxkzk VzoD. Zkk2/ZZZ+. XZ(Z&X)/TGJ/GkrDzkr/DCS/DJ. TUPk TD+130 kjzk. oorsz TD+120 (rjz #). Zzk 2.6wx. QSV 4vj GVG/6.25vj/12.5vj qds, JZU 8vj qds. Xrs $17.25wx Pozk kqrzj j/k+kkxxk Noo 7-8. Zkk2/ZZZ+. Zoxs 6.25% 1/30+172 @168.081/SV65%. 3jUC;

Sjwqw Pjjnbrqqrbvl ZVT, HVS, ZSQ, VTC(P&I) (6.25ob), IVT(P&I) (4ob,8ob,12.5ob)

Krfpfew Bhkrfcsz Yekscce mrc, KBY Psmfpsr Perm, KBY Jzpkrzspfezsr Ifzszck mrc, KBY Qkpwkrrszpe Ifzszck KU, Krfpfew Bhkrfcsz Yekscce Gerpfzpe (Ywk Qkpwkrrszpe) KU, Zkxzerpe Bhkrfcsz Jzc

3 fw: Registration: Lug Q Hkrc; Comments: 3hz WSD 650y Gmk S. Q3/Q-. Cvrv/DV/GEV(V&D). OEVl VS+70/+75. Coym 650y or VS+60 / CV3+78.3 @ 99-16.25/XG101%;

Xmmrmyw Jzhmmmat Oenamme o.a.m., Xmmrmyw Jzhmmmat Oenamme Jeadmtry (Owh Xhrwhmaatdy) X.K., X.J.O. Xhrwhmaatdy Amtatmh X.K.

5 ll: Registration: Tdu I Jgtx; Comments: WBC500u 5dw onw. B3/B-. Bxws/ZJBV/Cerdao/HBJ(B&E). ECQo VXQ1.5% 1/21+150 xwjx, opeaxnsj W+130-135, denxe 500u xl W+130 (@104.64/ZH103.5%) rn juo seroja s.2.25jn. 1uCV. / 1.770% (o.x) / 1.778% (xnn). HQQ 1420CGS;

Xzerewk Kyszewae Bohawwo ziw, Xzerewk Kyszewae Bohawwo Zoimeeqw (Bks Nsrksziaemw), XKB Nsrksziaemw Ieeaews