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BRITISH AMERICAN TOBACCO PLC - Quarterly Dividends for the year ended 31 December 2019: Payment No. 3 November 2020

Release Date: 21/09/2020 08:00
Code(s): BTI     PDF:  
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Quarterly Dividends for the year ended 31 December 2019: Payment No. 3 – November 2020

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." or "the Company")

British American Tobacco p.l.c. (the “Company”)

Quarterly Dividends for the year ended 31 December 2019:
Payment No. 3 – November 2020 (the “November 2020 Dividend”)
South Africa Branch Register Finalisation Information

On 27 February 2020, the Company announced that the Board had declared an interim dividend of
210.4p per ordinary share of 25p, payable in four equal quarterly instalments of 52.6p per ordinary
share in May 2020, August 2020, November 2020 and February 2021.

The November 2020 Dividend will be payable on 12 November 2020 to shareholders registered on
either the UK main register or the South Africa branch register on 2 October 2020 (the record date).

In accordance with the JSE Limited (“JSE”) Listing Requirements, the finalisation information for the
November 2020 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 27 February 2020 remain
unchanged for the November 2020 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 = 20.98730 as at 17 September 2020 (the closing rate
on that date as quoted by Bloomberg), results in an equivalent November 2020 Dividend of
1103.93198 SA cents per ordinary share.

South Africa Branch Register: Dividends Tax Information

South Africa Dividends Tax (at a rate of 20%), equivalent to 220.78640 SA cents per ordinary share,
will be withheld from the gross November 2020 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 883.14558 SA cents per ordinary share. The November 2020
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
November 2020 Dividend is the United Kingdom.

At the close of business on 17 September 2020 (the latest practicable date prior to the date of the
declaration of the South African rand equivalent of the November 2020 Dividend), the Company had
a total of 2,294,234,719 ordinary shares in issue (excluding treasury shares). The Company held
162,347,668 ordinary shares in treasury giving a total issued share capital of 2,456,582,387 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:

Paul McCrory
Company Secretary
British American Tobacco p.l.c.

21 September 2020

Enquiries:

Investor Relations
Mike Nightingale/Victoria Buxton/William Houston/John Harney
+44 20 7845 1180/2012/1138/1263

British American Tobacco Press Office
+44 (0) 20 7845 2888 (24 hours) | @BATPress



Sponsor: UBS South Africa (Pty) Ltd

Date: 21-09-2020 08:00:00
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