Investor day May 2011 presentations

Strategy

A proven strategy

Nicandro Durante, Chief Executive

Landscape & Opportunities

The economy and industry we operate in

John Daly, Chief Operating Officer

Anti illicit trade: scale and opportunities

Neil Withington, Director, Legal & General Counsel

Tackling illicit trade in Brazil and South Africa

Andrew Gray, Regional Director - EEMEA

Financial Overview

Performance against the strategy

Ben Stevens, Finance Director and CIO

Margin improvement in Western Europe

Jack Bowles, Regional Director - Western Europe

Leveraging leaf

Des Naughton, Group Operations Director

The Consumer

Consumer driven growth

Jean-Marc Levy, Group Marketing Director

Leveraging Operations

Des Naughton, Group Operations Director

Harm reduction

David O’Reilly, Head of Group Research & Development

Innovations overview

Jean-Marc Levy, Group Marketing Director

Capsule rollout

Mark Cobben, Regional Director - Americas

Innovations pipeline in Asia Pacific

David Fell, Regional Director - Asia Pacific

Managing The Challenges

Managing the challenges in the Americas

Mark Cobben, Regional Director - Americas

Managing the challenges in Asia Pacific

David Fell, Regional Director - Asia Pacific

Managing the challenges in Western Europe

Jack Bowles, Regional Director - Western Europe

Managing the challenges in EEMEA

Andrew Gray, Regional Director - EEMEA