BRITISH AMERICA TOBACCO

GROUP BALANCE SHEET AT 31 DECEMBER

NOTES ASSETS NON-CURRENT ASSETS INTANGIBLE ASSETS PROPERTY, PLANT AND EQUIPMENT INVESTMENTS IN ASSOCIATES AND JOINT VNTURES RETIREMENT BENEFIT ASSETS DEFERRED TAX ASSETS TRADE AND OTHER RECEIVABLES AVAILABLE-FOR-SALE INVESTMENT DERIVATIVE FINANCIAL INSTRUMENTS TOTAL NON-CURRENT ASSETS CURRENT ASSETS INVENTORIES INCOME TAX RECEIVABLE TRADE AND OTHER RECEIVABLES AVAILABLE-FOR-SALE INVESTMENT DERIVATIVE FINANCIAL INSTRUMENTS CASH AND CASH EQUIVALENTS ASSETS CLASSIFIED AS HELD-FOR-SALE TOTAL CURRENT ASSETS TOTAL ASSETS EQUITY CAPITAL AND RESERVES SHARE CAPITAL SHARE PREMIUM, CAPITAL REDEMPTION AND MERGER RESERVES OTHERS RESERVES RETAINED EARNINGS SHAREHOLDERS' FUNDS AFTER DEDUCTING COST OF TREASURY SHARES MINORITY INTERESTS TOTAL EQUITY LIABILITIES NON-CURRENT LIABILITIES BORROWINGS RETIREMENT BENEFIT LIABILITIES DEFERRED TAX LIABILITIES OTHER PROVISIONS FOR LIABILITIES AND CHARGES TRADE AND OTHER PAYABLES

9 10 11 12 13 14 15 16

17 18 14 15 16 19 26

20

21 12 13 22 23

DERIVATIVE FINANCIAL INSTRUMENTS TOTAL NON-CURRENT LIABILITIES CURRENT LIABILITIES BORROWINGS INCOME TAX PAYABLE OTHER PROVISIONS FOR LIABILITIES AND CHARGES TRADE AND OTHER PAYABLES DERIVATIVE FINANCIAL INSTRUMENTS l LIABILITIES DIRECTLY ASSOCIATED WITH ASSETS CLASSIFIED AS HELD-FOR-SALE TOTAL CURRENT LIABILITIES TOTAL LIABILITIES & OWNERS EQUITY

16

21 18 22 23 16 26

BRITISH AMERICA TOBACCO

NOTES GROSS TURNOVER (2008: 21,799 MILLION)) REVENUE RAW MATERIALS AND CONSUMABLES USED CHANGES IN INVENTORIES OF FINISHED GOODS AND WORK IN PROGRESS EMPLOYEE BENEFIT COSTS DEPRECIATION AND AMORTISATION OSTS OTHER OPERATING INCOME OTHER OPERATING EXPENSES PROFIT FROM OPERATIONS ANALYSED AS: ADJUSTED PROFIT FROM OPERATIONS RESTRUCTURING AND INTEGRATION COSTS CANADIAN SETTLEMENT AMORTISATION OF TRADEMARKS GAINS ON DISPOSAL OF BUSINESSES AND TRADEMARKS 2

GROUP INCOME STATEMENT FOR THE YEAR ENDED 31 D

3a 3b 3c 3d 2 2 3e 3f 3g 3h

FINANCE INCOME FINANCE COSTS NET FINANCE COSTS SHARE OF POST-TAX RESULTS OF ASSOCIATES AND JOINT VENTURES ANALYSED AS: ADJUSTED SHARE OF POST-TAX RESULTS OF ASSOCIATES AND JOINT VENTURES TRADEMARK IMPAIRMENTS

4 5 2 5

ADDITIONAL ST INCOME TERMINATION OF JOINT VENTURE HEALTH PLAN CREDIT RESTRUCTURING COSTS

5 5 5 5

PROFIT BEFORE TAXATION TAXATION ON ORDINARY ACTIVITIES PROFIT FOR THE YEAR ATTRIBUTABLE TO: SHAREHOLDER'S EQUITY MINORITY INTERESTS EARNING PER SHARE BASIC DILUTED

7 7

BRITISH AMERICA TOBACCO

RATIO ANALYSIS 2009
RATIO CURRENT DAYS SALES OUTSTANDING FIXED ASSETS TURNOVER TOTAL ASSETS TURNOVER DEBT RATIO PROFIT MARGIN ON SALES RETURN ON TOTAL ASSETS RATIO VALUE 1.17 59.39 0.77 0.53 70% 21% 11%

ICA TOBACCO
31-Dec-09 31 DEC 2008 RESTATED 1 JAN 2008 RESTATED

EET AT 31 DECEMBER

12,232 3,010 2,521 105 350 171 26 93 18,508 3,261 97 2,344 57 156 2,161 8,076 30 8,106 26,614

12,318 3,076 2,552 75 392 193 27 179 18,812 3,177 137 2,395 79 417 2,309 8,514 225 8,739 27,551

8,105 2,378 2,316 37 264 123 22 154 13,399 1,985 85 1,845 75 81 1,258 5,329 36 5,365 18,764

506 3,907 1,032 2,168 7,613 -772 299 7,912

506 3,905 955 1,578 6,944 -745 271 7,215

506 3,902 658 1,805 6,871 -296 218 7,089

9,712 1,129 527 144 180

9,437 848 599 186 166

6,062 360 336 165 149

94 11,786 1,370 364 312 4,727 127 6,900 16 6,916 26,614

222 11,458 2,724 300 295 4,718 841 8,878 8,878 27,551

59 7,131 861 227 263 2,976 215 4,542 2 4,544 18,764

CA TOBACCO
2009 40,713 14,208 -3,983 35 -2,317 -611 196 -3,427 4,101 4,461 -304 -58 2 4,101 77 -581 -504 483 541 -65 2008 33,921 12,122 -3,335 19 -1,907 -430 281 -3,178 3,572 3,717 -160 -102 -24 141 3,572 267 -658 -391 503 477 -20

THE YEAR ENDED 31 DECEMBER

13 45 16 -9 483 4080 -1124 2956 2713 243 2956 137.0p 136.3p -12 503 3684 1025 2659 2457 202 2659 123.3p 122.5p

BACCO

09
INDUSTRY AVERAGE 2x 25 Days 3x 1.5x 60% 12% 25% COMMENT Low Poor Low Low Poor Good Poor