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CARAMEL 10-PACK: Caramel is a game changer for current Grinds users and new customers alike

Keywords: North Korea, British American Tobacco, BAT, Illicit Trade Generation Without Tobacco FT [1] The Guardian, British American Tobacco to pay $635m over North Korea sanctions breaches, 04/26/2023, (accessed the same day) [2] The United States Department of Justice, United States Obtains $629 Million Settlement with British American Tobacco to Resolve Illegal Sales to North Korea, Charges Facilitators in Illicit Tobacco Trade, 04/25/2023, (accessed 04/26/2023) [3] Tobacco Tactics, BAT Involvement in Tobacco Smuggling, 01/31/2020, (accessed 04/26/2023) [4] The Guardian, Revealed: how British American Tobacco exploited war zones to sell cigarettes, 08/18/2017, (accessed 04/26/2023)

Average cost of debt has increased to 4.3%

in Hong Kong

This balancing act will be reflected in both financial performance and strategic commentary during the trading update