Kenneth Dart's holdings in British American Tobacco fall below 5%

Spring Mountain Investments Ltd, a company linked to Kenneth Bryan Dart, has reduced its voting rights in British American Tobacco p.l.c. to 4.979750%, down from a previous notification of 5.251446%. This change, which crossed a major shareholding threshold, occurred on September 25, 2025.

The total number of voting rights held by Spring Mountain Investments Ltd following this transaction is 108,966,148 shares. The holdings are directly attached to shares under ISIN GB0002875804.

The notification identifies Kenneth Bryan Dart as the person subject to the obligation, with Spring Mountain Investments Ltd, based in Camana Bay, George Town, Cayman Islands, listed as a controlled undertaking.