British American Tobacco completes share buyback program, intends to cancel shares

British American Tobacco p.l.c. announced the purchase of 121,708 of its ordinary shares, each valued at 25 pence, from Banco Santander, S.A. This action, on September 18, 2025, is part of a buyback program initiated on March 18, 2024, and authorized by shareholders at the company's annual general meeting on April 16, 2025. The shares were acquired at a volume-weighted average price of 4,083.5280p per share, with individual transaction prices ranging from a high of 4,133.00p to a low of 4,051.00p.

The company intends to cancel the purchased shares. Following this cancellation, British American Tobacco will have 2,188,685,514 ordinary shares in issue, excluding treasury shares, which carry voting rights. Additionally, the company will hold 132,999,412 shares in treasury.

The transaction details are provided in accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, as it applies in the UK. This information is relevant for shareholders determining their notification requirements under the FCA's Disclosure Guidance and Transparency Rules. Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities acted as sponsor for this transaction.