Principal subsidiary undertakings
| % equity shares held | |
| Centre Corporate Companies | |
| B.A.T (U.K. and Export) Ltd. | 100 |
| B.A.T Capital Corporation | 100* |
| (incorporated in the United States of America) | |
| B.A.T. International Finance p.l.c. | 100* |
| BATMark Ltd. | 100* |
| British-American Tobacco (Holdings) Ltd. | 100 |
| British American Tobacco Holdings (The Netherlands) B.V. | 100 |
| (incorporated in The Netherlands) | |
| British American Tobacco International Ltd. | 100 |
| (incorporated in Switzerland) | |
| British American Tobacco (Brands) Inc. |
100 |
| (incorporated in the United States of America) | |
| British American Tobacco (Brands) Ltd. | 100 |
| British American Tobacco (GLP) Ltd. | 100 |
| British American Tobacco (Investments) Ltd. | 100 |
| Tobacco Insurance Company Ltd. | 100 |
| Asia-Pacific | |
| Australia | |
| British American Tobacco Australia Ltd. | 100 |
| Bangladesh | |
| British American Tobacco Bangladesh Company Ltd. | 65 |
| Indonesia | |
| PT Bentoel Internasional Investama Tbk | 99 |
| Japan | |
| British American Tobacco Japan, Ltd. | 100 |
| Malaysia | |
| British American Tobacco (Malaysia) Berhad | 50 |
| New Zealand | |
| British American Tobacco (New Zealand) Ltd. | 100 |
| Pakistan | |
| Pakistan Tobacco Co. Ltd. | 94 |
| South Korea | |
| British American Tobacco Korea Ltd. | 100 |
| British American Tobacco Korea Manufacturing Ltd. | 100 |
| Taiwan | |
| B.A.T Services Ltd. | |
| (incorporated in the United Kingdom) | 100 |
| Vietnam | |
| British American Tobacco – Vinataba (JV) Ltd. | 70 |
| Americas | |
| Argentina | |
| Nobleza-Piccardo S.A.I.C.y F. | 98 |
| Brazil | |
| Souza Cruz S.A. | 75 |
| Canada | |
| Imperial Tobacco Canada Ltd. | 100 |
| Chile | |
| British American Tobacco Chile Operaciones S.A. | 96 |
| Colombia | |
| British American Tobacco (South America) Ltd. | 100 |
| (incorporated in the United Kingdom) | |
| Mexico | |
| British American Tobacco Mexico, S.A. de C.V. | 100 |
| Venezuela | |
| C.A. Cigarrera Bigott Sucs. | 100 |
| Western Europe | |
| Belgium | |
| British American Tobacco Belgium S.A. | 100 |
| Denmark | |
| British American Tobacco Denmark A/S (House of Prince A/S) | 100 |
| France | |
| British American Tobacco France SAS | 100 |
| Germany | |
| British-American Tobacco (Germany) GmbH | 100 |
| British American Tobacco (Industrie) GmbH | 100 |
| Greece | |
| British American Tobacco Hellas S.A. | 100 |
| Italy | |
| British American Tobacco Italia S.p.A. | 100 |
| Netherlands | |
| British American Tobacco Nederland B.V. | 100 |
| Poland | |
| British American Tobacco Polska S.A. | 100 |
| British American Tobacco Polska Trading Sp. z.o.o. | 100 |
| Spain | |
| British American Tobacco España, S.A. | 100 |
| Sweden | |
| British American Tobacco Sweden AB | 100 |
| Fiedler & Lundgren AB | 100 |
| Switzerland | |
| British American Tobacco Switzerland S.A. | 100 |
| United Kingdom | |
| British American Tobacco UK Ltd. | 100 |
| Eastern Europe# | |
| Kazakhstan | |
| British American Tobacco Kazakhstan Trading Ltd. | 100 |
| Romania | |
| British-American Tobacco (Romania) Trading SRL | 100 |
| Russia | |
| OJSC British American Tobacco – STF | 99 |
| OJSC British American Tobacco – Yava | 99† |
| CJSC British American Tobacco – SPb | 100† |
| CJSC "International Tobacco Marketing Services" | 100 |
| Ukraine | |
| A/T B.A.T. – Prilucky Tobacco Co. | 99 |
| Uzbekistan | |
| UZBAT A.O. | 97 |
| Africa and Middle East # | |
| Eqypt | |
| British American Tobacco Egypt LLC | 100 |
| Iran | |
| B.A.T. Pars Company (Private Joint Stock) | 100 |
| Nigeria | |
| British American Tobacco (Nigeria) Ltd. | 100 |
| South Africa | |
| British American Tobacco Holdings South Africa (Pty) Ltd. | 100 |
| Turkey | |
| British American Tobacco Tütün Mamulleri Sanayi ve Ticaret A.S. | 100 |
The Company has taken advantage of the exemption under Section 410 (2) of the Companies Act 2006 by providing information only in relation to subsidiary undertakings whose results or financial position, in the opinion of the Directors, principally affected the financial statements. The listed subsidiary undertakings are therefore the main corporate entities in those countries which represent the Group’s top 40 markets.
A complete list of subsidiary and associate undertakings will be attached to the next British American Tobacco p.l.c. annual return to the Registrar of Companies.
Subsidiary undertakings held directly by British American Tobacco p.l.c. are indicated thus *; all others are held by sub-holding companies. Unless otherwise stated, Centre Corporate Companies are subsidiary undertakings incorporated in the United Kingdom and the country of incorporation and operation of regional subsidiary undertakings is that under which the company is listed. All subsidiary undertakings are involved in activities related to the manufacture, distribution or sale of tobacco products.
All companies’ shares are ordinary shares or common stock except for those indicated thus †, which include preference shares.
# The countries and subsidiary undertakings set out above under each of the Eastern Europe and Africa and Middle East regional headings were merged into the enlarged Eastern Europe, Middle East and Africa Region with effect from 1 January 2011.