British American Tobacco: Buyback Progress Continues with Latest Repurchase

British American Tobacco p.l.c. confirmed on September 25, 2025, that it purchased 127,591 of its ordinary shares of 25 pence each from Banco Santander, S.A. These shares were bought on September 24, 2025, as part of a buyback program initiated on March 18, 2024. The highest price paid per share was 3,950.00p, while the lowest was 3,854.00p, resulting in a volume-weighted average price of 3,893.6869p. The company intends to cancel all purchased shares.

Following this transaction and subsequent cancellation, the total number of ordinary shares in issue will be 2,188,185,328 (excluding treasury shares). The company will also hold 132,999,412 shares in treasury. Shareholders can use this information to assess their notification requirements under FCA Disclosure Guidance and Transparency Rules.

A detailed schedule of individual trades executed by Banco Santander, S.A. on September 24, 2025, was provided in compliance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014, as it applies in the UK. Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities acted as the sponsor for this transaction.