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Quarterly dividend payments

Quarterly dividend payments

Quarterly dividend payments

On 12 February 2026, the Company announced that the Board had declared an interim dividend of 245.04p per ordinary share of 25p for the year ended 31 December 2025, payable in four equal quarterly instalments of 61.26p per ordinary share in May 2026, August 2026, November 2026 and February 2027.

The quarterly dividends are paid to shareholders registered on either the UK main register or the South Africa branch register and to holders of American Depositary Shares (ADSs), each on the applicable record dates set out under the heading ‘Key Dates’ below.

South Africa Branch Register


In accordance with the JSE Limited (JSE) Listing Requirements, the finalisation information relating to shareholders registered on the South Africa branch register (comprising the amount of the dividend in South African rand, the exchange rate and the associated conversion date) will be published on the dates stated below, together with South Africa dividends tax information.

The quarterly dividends are regarded as ‘foreign dividends’ 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 quarterly dividends is the United Kingdom.

Holders of ADSs


For holders of ADSs listed on the New York Stock Exchange (NYSE), the record dates and payment dates are set out below. The equivalent quarterly dividends receivable by holders of ADSs in US dollars will be calculated based on the exchange rate on the applicable payment date. A fee of US$0.01 per ADS will be charged by Citibank, N.A. in its capacity as depositary bank for the British American Tobacco American Depositary Receipt (“ADR”) programme in respect of each quarterly dividend payment.

Key dates

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 12 May 19 August 12 November 8 February 2027
Payment date (LSE and JSE) 7 May 14 August 6 November 3 February 2027
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 15 April 24 July 16 October 13 January 2027
Record date (JSE, LSE and NYSE) 27 March 10 July 2 October 29 December
Shares commence trading ex-dividend (NYSE) 27 March 10 July 2 October 29 December
Shares commence trading ex-dividend (LSE) 26 March 9 July 1 October 24 December
No shares may be dematerialised or rematerialised on the South Africa branch register 25 March–
27 March
8 July–
10 July
30 September–
2 October
24 December–
30 December
No transfers permitted between the UK main register and the South Africa branch register 25 March–
27 March
8 July–
10 July
30 September–
2 October
24 December–
30 December
Shares commence trading ex-dividend (JSE) 25 March 8 July 30 September 24 December
Last Day to Trade (LDT) cum-dividend (JSE) 24 March 7 July 29 September 23 December
No removal requests permitted (in either direction) between the UK main register and the South Africa branch register 17 March–
27 March
30 June–
10 July
21 September–
2 October
14 December–
29 December
Publication of finalisation information (JSE) 17 March* 30 June 21 September 14 December
Preliminary announcement (includes declaration data required for JSE purposes) 12 February

Notes:

1. All dates are 2026, unless otherwise stated.
2. The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 12 May 6 August 13 November 9 February 2026
Payment date (LSE and JSE) 7 May 1 August 7 November 4 February 2026
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 11 11 July 17 October 14 January 2026
Record date (JSE, LSE and NYSE) 28 March 27 June 3 October 30 December
Shares commence trading ex-dividend (NYSE) 28 March 27 June 3 October 30 December
Shares commence trading ex-dividend (LSE) 27 March 26 June 2 October 29 December
No shares may be dematerialised or rematerialised on the South Africa branch register 26 March-
28 March
25 June-
27 June
1 October-3October 24 December-
30 December
No transfers permitted between the UK main register and the South Africa branch register 26 March-
28 March
25 June-
27 June
1 October-3October 24 December-
30 December
Shares commence trading ex-dividend (JSE) 26 March 25 June 1 October 24 December
Last Day to Trade (LDT) cum dividend (JSE) 25 March 24 June 30 September 23 December
No removal requests permitted (in either direction) between the UK main register and the South Africa branch register 17 March-
28 March
17 June-
27 June
22 September-
3 October
15 December-
30 December
Publication of finalisation information (JSE) *17 March *17 June *22 September *15 December
Preliminary announcement (includes declaration data required for JSE purposes) 13 February

Notes:

1. All dates are 2025, unless otherwise stated.
2. The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 7 May 7 August 6 November 6 February 2025
Payment date (LSE and JSE) 2 May 2 August 1 November 3 February 2025
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 11 12 July 11 October 13 January 2025
Record date (JSE, LSE and NYSE) 22 March 28 June 27ٱ𳾲 20 December
Shares commence trading ex-dividend (NYSE) 21 March 28 June 27 September 20 December
Shares commence trading ex-dividend (LSE) 21 March 27 June 26 September 19 December
No shares may be dematerialised or rematerialised on the South Africa branch register 19 March-
25 March
26 June-
1 July
25 September-30 September 18 December-
23 December
No transfers permitted between the UK main register and the South Africa branch register 19 March-
25 March
26 June-
1 July
25 September-30September 18 December-
23 December
Shares commence trading ex-dividend (JSE) 19 March 26 June 25 September 18 December
Last Day to Trade (LDT) cum dividend (JSE) 18 March 25 June 23 September 17 December
No removal requests permitted (in either direction) between the UK main register and the South Africa branch register 11 March-
25 March
18 July-
1 July
17 September-
30 September
10 December-
23 December
Publication of finalisation information (JSE) *11 March *18 June *16 September *9 December
Preliminary announcement (includes declaration data required for JSE purposes) 8 February

Notes:

1. All dates are 2024, unless otherwise stated.
2. The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

†Effective 28 May 2024 NYSE has moved from T+2 to T+1 settlement, such that the NYSE ex-dividend date will be the same as the record date for payments 2, 3 and 4 above.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 8May 23 August 8November 6 February 2024
Payment date (LSE and JSE) 3May 18 August 3November 1February 2024
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 11 28 July 13October 11 January 2024
Record date (JSE, LSE and NYSE) 24 March 14July 29September 22 December
Shares commence trading ex-dividend (LSE and NYSE) 23 March 13July 28September 21 December
No shares may be dematerialised or rematerialised on the South Africa branch register 22 March-
27 March
12 July-
17 July
27 September-
2October
20 December-
27 December
No transfers permitted between the UK main register and the South Africa branch register 22 March-
27 March
12 July-
17 July
27 September-
2 October
20 December-
27 December
Shares commence trading ex-dividend (JSE) 22 March 12July 27 September 20 December
Last Day to Trade (LDT) cum dividend (JSE) 20 March 11July 26 September 19December
No removal requests permitted between the UK main register and the South Africa branch register 13 March-
27 March
4July-
17 July
18September-
2October
12 December-
27 December
Publication of finalisation information (JSE) *13March *4July *18September *12 December
Preliminary announcement (includes declaration data required for JSE purposes) 9February

Notes:

(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2022 and the declared amount is included in the Preliminary Results Announcement in February 2023.
(2) The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 9 May 22 August 15 November 6 February 2023
Payment date (LSE and JSE) 4 May 17 August 10 November 2 February 2023
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 8 April 27 July 20October 12 January 2023
Record date (JSE, LSE and NYSE) 25 March 8 July 30September 23 December
Shares commence trading ex-dividend (LSE and NYSE) 24 March 7 July 29September 22 December
No shares may be dematerialised or rematerialised on the South Africa branch register 23 March-
28 March
(inclusive)
6 July-
11 July
(inclusive)
28 September-
3 October
(inclusive)
21 December-
27 December
(inclusive)
No transfers permitted between the UK main register and the South Africa branch register 23 March-
28 March
(inclusive)
6 July-
11 July
(inclusive)
28 September-
3 October
(inclusive)
21 December-
27 December
(inclusive)
Shares commence trading ex-dividend (JSE) 23 March 6 July 28 September 21 December
Last Day to Trade (LDT) cum dividend (JSE) 22 March 5 July 27 September 20 December
No removal requests permitted between the UK main register and the South Africa branch register 14 March-
28 March
(inclusive)
28 June-
11 July
(inclusive)
20 September-
3 October
(inclusive)
12 December-
27 December
(inclusive)
Publication of finalisation information (JSE) *14 March *28 June *20 September *12 December
Preliminary announcement (includes declaration data required for JSE purposes) 11 February

Notes:

(1) A complete timetable for the quarterly dividend payments for the year ending 31 December 2021 and the declared amount will be included in the Preliminary Results Announcement in February 2022.
(2) The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 17 May 24 August 16 November 14 February 2022
Payment date (LSE and JSE) 12 May 19 August 11 November 9 February 2022
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 20 April 29 July 21 October 19 January 2022
Record date (JSE, LSE and NYSE) 26 March 9 July 1 October 24 December
Ex-dividend date (LSE and NYSE) 25 March 8 July 30 September 23 December
No shares may be dematerialised or rematerialised on the South Africa branch register 24 March to 26 March (inclusive) 7 July to 9 July (inclusive) 29 September to 1 October 22 December to 24 December
No transfers permitted between the UK main register and the South Africa branch register 24 March to 26 March (inclusive) 7 July to 9 July (inclusive) 29 September to 1 October 22 December to 24 December
Ex-dividend date (JSE) 24 March 2021 7 July 29 September 22 December
Last day to trade (JSE) 23 March 2021 6 July 28 September 21 December
No removal requests permitted between the UK main register and the South Africa branch register 15 March to 26 March (inclusive) 29 June to 9 July (inclusive) 20 September to 1 October (inclusive) 13 December to 24 December (inclusive)
Publication of finalisation information (JSE) *15 March *29 June *20 September *13 December
Preliminary announcement (includes declaration data required for JSE purposes) 17 February

Notes:

The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 18May 24August 17 November 8February 2021
Payment date (LSE and JSE) 13 May 19 August 12 November 3 February 2021
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 21 April 29 July 22 October 13 January 2021
Record date (JSE, LSE and NYSE) 27 March 10July 2 October 18 December
Shares commence trading Ex-dividend date (LSE and NYSE) 26 March 9July 1 October 17 December
No shares may be dematerialised or rematerialised on the South Africa branch register 25 March to 27 March (inclusive) 8 July to 10 July (inclusive) 30 September to 2 October (inclusive) 15 December to 18 December (inclusive)
No transfers permitted between the UK main register and the South Africa branch register 25 March to 27 March (inclusive) 8 July to 10 July (inclusive) 30 September to 2 October (inclusive) 15 December to 18 December (inclusive)
Shares commence trading Ex-dividend date (JSE) 25 March 8July 30 September 15 December
Last day to trade (JSE) 24 March 7 July 29 September 14 December
No removal requests permitted between the UK main register and the South Africa branch register 17 March to 27 March (inclusive) 30 June to 10 July (inclusive) 21 September to 2 October (inclusive) 7 December to 18 December (inclusive)
Publication of finalisation information (JSE) *17 March *30 June *21 September *7 December
Preliminary announcement (includes declaration data required for JSE purposes) 27 February

Notes:

The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.

Event Payment
Number 1
Payment
Number 2
Payment
Number 3
Payment
Number 4
ADS payment date (NYSE) 13May 13August 19November 11February2020
Payment date (JSE) 09May 08August 14November 06February2020
Payment date (LSE) 08May 08August 14November 06February2020
Last date for receipt of Dividend Reinvestment Plan (DRIP) elections (LSE) 12April 18July 24October 16January2020
Record date
(JSE, LSE and NYSE)
22March 28June 04October 27December
Shares commence trading ex-dividend NYSE 21March 27June 03October 26December
Shares commence trading ex-dividend LSE 21March 27June 03October 24December
No shares may be dematerialised or rematerialised on the South Africa branch register 19March to 22March (inclusive) 26June to 28June (inclusive) 2October to 4October (inclusive) 23December to 27December (inclusive)
No transfers permitted between the UK main register and the South Africa branch register 19March to 22March (inclusive) 26June to 28June (inclusive) 2October to 4October (inclusive) 23December to 27December (inclusive)
Shares commence trading ex-dividend (JSE) 19March 26June 02October 23December
Last Day to Trade (LDT) cum dividend (JSE) 18March 25June 1October 20December
No removal requests (in either direction) permitted between the UK main register and the South Africa branch register 11March to 22March (inclusive) 18June to 28June (inclusive) 23September to 4October (inclusive) 12December to 27December (inclusive)
Publication of finalisation information (JSE) *11March *18June *23September *12December
Preliminary announcement (includes declaration data required for JSE purposes) 28 February

Notes:

The dates set out above may be subject to any changes to public holidays arising and changes or revisions to the LSE, JSE and NYSE timetables. Any confirmed changes to the dates will be announced.