British American Tobacco p.l.c. (the
"Company")
Quarterly Dividends for the year ended 31 December
2023:
Payment No. 1 - May 2024 (the "May 2024
Dividend")
South Africa
Branch Register Finalisation Information
On 8 February 2024, the Company
announced that the Board had declared an interim dividend of
235.52p per ordinary share of 25p, payable in four equal quarterly
instalments of 58.88p per ordinary share in May 2024, August 2024,
November 2024 and February 2025.
The May 2024 Dividend will be payable
on 2 May 2024 to shareholders registered on either the UK main
register or the South Africa branch register on 22 March 2024 (the
record date).
In accordance with the JSE Limited
("JSE") Listing Requirements, the finalisation information for the
May 2024 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 8
February 2024 remain unchanged for the May 2024
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=23.9241as at 7 March 2024 (the closing rate on that
date as quoted by Bloomberg), results in an equivalent May 2024
Dividend of 1408.65101 SA cents per ordinary share.
South
Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate
of 20%), equivalent to 281.73020 SA cents per ordinary share, will
be withheld from the gross May 2024 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 1126.92081 cents per ordinary share.
The May 2024 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 May 2024 Dividend is the United Kingdom.
At the close of business on 7 March
2024 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the May 2024
Dividend), the Company had a total of 2,236,421,561 ordinary shares
in issue (excluding treasury shares). The Company held 220,523,018
ordinary shares in treasury giving a total issued share capital of
2,456,944,579 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:
Nancy Jiang
Assistant Secretary
British American Tobacco p.l.c.
11 March 2024
Enquiries:
British
American Tobacco Media Centre
+44 (0)20 7845 2888 (24 hours)
│@BATPlc
Investor
Relations
Victoria Buxton: +44 (0)20 7845 2012
Amy Chamberlain: +44 (0)20 7845 1124
Yetunde Ibe: +44 (0)20 7845 1095
John Harney: +44 (0)20 7845 1263
Jane Henderson: +44 (0)20 7845 1117