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Tuesday, July 15, 2014

BRIEF-BAT says to maintain 42 percent of enlarged Reynolds American, (AMEX: BTI)

British American Tobacco Plc : * BAT to maintain 42 percent of enlarged Reynolds American* To invest $4.7 billion as part of Reynolds American's proposed acquisition of Lorillard* British American Tobacco to maintain its 42 percent shareholding in enlarged Reynolds American* BAT will be suspending its 1.5 billion pounds share buyback programme with effect from 30 July 2014

British American Tobacco p.l.c. (British American Tobacco) is a holding company. Shares of BTI traded higher by 1.13% or $1.37/share to $122.92. In the past year, the shares have traded as low as $94.19 and as high as $123.36. On average, 207350 shares of BTI exchange hands on a given day and today's volume is recorded at 216126.