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Quarterly Dividends for the year ended 31 December 2024
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
British American Tobacco p.l.c. (the "Company")
Quarterly Dividends for the year ended 31 December 2024:
Payment No. 1 – May 2025 (the "May 2025 Dividend")
South Africa Branch Register Finalisation Information
On 13 February 2025, the Company announced that the Board had declared an interim dividend of
240.24p per ordinary share of 25p, payable in four equal quarterly instalments of 60.06p per
ordinary share in May 2025, August 2025, November 2025 and February 2026.
The May 2025 Dividend will be payable on 7 May 2025 to shareholders registered on either the UK
main register or the South Africa branch register on 28 March 2025 (the record date).
In accordance with the JSE Limited ("JSE") Listing Requirements, the finalisation information for the
May 2025 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 13 February 2025 remain
unchanged for the May 2025 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=23.7081 as at 13 March 2025 (the closing rate on that
date as quoted by Bloomberg), results in an equivalent May 2025 Dividend of 1423.90849 SA cents
per ordinary share.
South Africa Branch Register: Dividends Tax Information
South Africa Dividends Tax (at a rate of 20%), equivalent to 284.78170 SA cents per ordinary share,
will be withheld from the gross May 2025 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 1139.12679 cents per ordinary share. The May 2025 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 2025 Dividend is
the United Kingdom.
At the close of business on 13 March 2025 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the May 2025 Dividend), the Company had a
total of 2,203,742,786 ordinary shares in issue (excluding treasury shares). The Company held
133,255,156 ordinary shares in treasury giving a total issued share capital of 2,336,997,942 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.
17 March 2025
Enquiries:
British American Tobacco Media Centre
+44 (0)20 7845 2888 (24 hours) /@BATPlc
Investor Relations
Victoria Buxton: +44 (0)20 7845 2012 | IR_team@bat.com
17 March 2025
Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
Date: 17-03-2025 09:00:00
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