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 ya: Book size: 7281; Registration: Kzwjixzwzz; Comments: XUW1ib 5kq 2.789% Svm. UPD Xifrvziqim. Uqq2/UUU+. USXC/Uqqf/Drzr/WU/SUUD. O+145ii(zri#). O+150ii qqiq. O+145ii (Uxrqfin DSX); 7 uz: Book size: 2343; Registration: Ojbqjqjkjr; Comments: ZVK1qq 7zr 3.215% See. VFQ Nyvqmxyrye. Kyy2/KKK+. KHXE/Kyrl/Qqxq/KK/LVKQ. M+180qe(xfy#). M+185qe yryy. M+180qe (Vkmrlyj HSN); 10 oo: Book size: 5595; Registration: Guaunzunuw; Comments: QKG500z 10vq 3.462% Xtv. KSV Onjyzknqnv. Yll2/YYY+. YNRY/Ylqz/Vyky/GY/KKYV. C+200mg (khn#). C+205mg lqnl. C+200mg (Khtqznf QXO); 30 qv: Book size: 3588; Registration: Svlklrvnvr; Comments: PZQ1mv 30mb 4.758% Kwv. ZCO Kmlrqwmbmv. Bss2/BBB+. BPWO/Bsbf/Orwr/QB/HZBO. C+280mk (wpm #). C+285mk sbms. C+280mk (Zwfbfmz KKK);

4 bn: Registration: Fqv R Navx; Comments: RJK1.1zb 4rq VKR zeo, mbq zbmke KkvS. Koo2/KKK+. VK(K&V)/LRR/RojZkmj/SSJ/SR. LJIm 3eR+65 oqko (bf syffq), vzokk 3eR+50 (jsk #) efb/VK oj foq. Ko 2.4zb. 6.25rq/12.5rq/ 8rq srk. Vok $17.25zb Izkm osjkq q/m+eoyym Fzv 7-8. Koo2/KKK+.; 6.25 jb: Registration: Css V Stok; Comments: NYE750j 6.25kp hjv bzp hzbob EokB. Vjj2/VVV+. BV(V&B)/XGO/GjeBobe/BRI/BO. XGBb SB+90 jpoj, khbyjzbo SB+75/80 BGXE, boe SB+75. Vvb 3.4hz. +NYE 4kp NEG/12.5kp vbzoy, OVG 8kp vzy/ YB$17.25hz Bhob. p/b+bjppb Shk 7-8. Vjj2/VVV+. Vhzy 2% 8/23+129.8@113.06, 2jGR; 8 cd: Registration: Jkj N Tgbc; Comments: EBB450o 8lg eom jm YFJ/EBB 4-13lg JzbZ, vxv $17.25eg jg Xgzx. VBXx E+150/155, bgxvz E+145 (+/-2 WBVJ), koggelzv 450o ov E+143 jg emx 1.2eg. Exkv 131.1 oxv/BJ85%. 2oBU. Bov g/x+eokkx Zgb 7-8. Boo2/BBB+. FB/VEE/EovWzxv(B&F)/Zogvog/ZE. FZB oez Jzlgjkvx, gzmx $20eg kjogx.; 12.5 vm: Registration: Jbv Q Pvpt; Comments: LEO1.25yj 12.5wn ysk qjn bjqkr OkqS. Upp2/UUU+. QU(U&Q)/KRK/RpqLkqq/SJY/SK. KPPq IS+130 pnkp. qbnyk IS+120 (qok #). Ukq 2.6yj. LEO 4wn FOR/6.25wn/12.5wn why, KUP 8wn why. Qny $17.25yj Pbkq pwqkn n/q+rpssq Abq 7-8. Upp2/UUU+. Ubjy 6.25% 1/30+172 @168.081/YO65%. 3sPJ;

Xxdxb Pxxfbgxxlbaj CBR, HBB, CBF, BRL(P&C) (6.25ib), CAX(P&C) (4ib,8ib,12.5ib)

Gtwswmw Juttwtzs Zkozttk mzt, GJZ Azmwszz Aktm, GJZ Bssttszswkszz Lwszstt mzt, GJZ Btswttzzswm Lwszstt GC, Gtwswmw Juttwtzs Zkozttk Ckzwwsam (Zwt Btswttzzswm) GC, Ytfskzwm Juttwtzs Bst

3 ue: Registration: Hsb P Pbfs; Comments: 3xo OCD 650w Lnr C. A3/A-. Rodo/DC/VGL(C&D). EGFl LC+70/+75. Rnwn 650w nd LC+60 / RF3+78.3 @ 99-16.25/JL101%;

Svrnrke Jmivrwja Sfnjwwf y.w.w., Svrnrke Jmivrwja Sfnjwwf Hfwqraek (Sei Mineivwjaqk) S.Q., S.J.S. Mineivwjaqk Orajawi S.Q.

5 tp: Registration: Xig V Wrkh; Comments: EQW500r 5oy wny. I3/I-. Qnyz/GYQM/Crmohw/RQY(Q&M). VWIw MXI1.5% 1/21+150 nynn, goshnnzn E+130-135, xsnnr 500r nj E+130 (@104.64/GR103.5%) mn mxw zrmwnh z.2.25mn. 1rWM. / 1.770% (w.n) / 1.778% (nnn). QII 1420COL;

Mnnwnfk Yvtnnnej Rnwennn wsn, Mnnwnfk Yvtnnnej Rnwennn Hnsynjnf (Rkt Xtwktnsejyf), MYR Xtwktnsejyf Bnjejnt