British American Tobacco Zimbabwe : April 8, 2022AGM Notice & Annual Report

Page Contents

2 3 4 5

Our Brands Our Strategy Our Ethos

International Marketing Principles

• 6-9 Our Sustainability Agenda

10 - 12

13 - 14

15

Directorate Leadership Awards

16 -17

18 -19

20

21

22 - 23

24

26

Chairman's Statement Managing Director's Report Finance Director's Report Report Of The Audit Committee Corporate Governance Report Statement Of Directors Responsibility Financial Highlights

27 - 30

Independent Auditor's report

31

32

33

Consolidated Statement Of Profit or Loss and Other Comprehensive income Separate Statement Of Profit or Loss and Other Comprehensive income Consolidated Statement of Financial Position

34

35

36

37

38

39 - 76

77

Separate Statement of Financial Position Consolidated Statement of Changes in Equity Separate Statement of Changes in Equity Consolidated Statement of Cash Flows Separate Statement of Cash Flows Notes to The Financial Statements Notice to Shareholders

78

Form of Proxy

BRITISH AMERICAN TOBACCO ZIMBABWE (HOLDINGS) LIMITED • 2021 ANNUAL REPORT

2

DANGER: SMOKING IS HARMFUL TO HEALTH

15mg Tar 1.2mg Nicotine. As Per Government Agreement Method

OUR BRANDS

British American Tobacco Zimbabwe (Holdings) Limited's brand portfolio includes one international brand, Dunhill and local brands Lucky Strike, Madison and Rothmans.

Dunhill characterizes the premium segment, whilst Dunhill Newbury and Dunhill Kingsgate characterizes the aspirational premium segment. Madison and Lucky Strike are the Company's value for money (VFM) brands whilst Rothmans caters for the low value for money (LVFM) segment.

NOT FOR SALE TO PERSONS UNDER THE AGE OF 18

BRITISH AMERICAN TOBACCO ZIMBABWE (HOLDINGS) LIMITED • 2021 ANNUAL REPORT