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, the country of incorporation and operation 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, and those indicated thus ^, which include investment stock (non-voting).
(1) Financial year end is 14 January. (2) Financial year end is 30 November. (3) Financial year end is 31 March.
A complete list of subsidiary and associated undertakings will be attached to the next British American Tobacco p.l.c. annual return to the Registrar of Companies.
The Company has taken advantage of the exemption under Section 231(5) of the Companies Act 1985 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.