1、Delivering todayInvesting in tomorrowANNUAL REPORT 2014We are a global company with over 200 brands sold in more than 200 markets.We employ more than 57,000 people and we make the cigarettes chosen by around one in eight of the worlds one billion adult smokers.The Groups diverse strengths the geogra
2、phic spread of the markets we operate in,our strong brands,our new product categories and our talented people are the foundations of our continuing success.We are a forward-looking company with a proven strategy that is delivering value for our shareholders.We are confident that our investments in b
3、oth high-growth markets and next-generation products will ensure we continue to achieve sustainable growth in the future.British American Tobacco p.l.c.(No.3407696)AnnualReport 2014This is the Annual Report of British American Tobacco p.l.c.(theCompany)and the British American Tobacco Group,comprisi
4、ng the Strategic Report,Directors Report and the audited Financial Statements,for the year ended 31 December 2014.It has been drawn up and is presented in accordance with,and reliance upon,applicable English company law.The liabilities of the Directors in connection with this report shall be subject
5、 tothelimitations and restrictions provided by such law.The Annual Report is published on .A printed copy is mailed to shareholders on the UK main register who have elected to receive it.Otherwise,shareholders are notified that the Annual Report is available on the website and will,at the time of th
6、at notification,receive a short Performance Summary(which sets out an overview of the Groups performance,headline facts and figures and key dates in the Companys financial calendar)aswell as a Notice of Annual General Meeting and Proxy form.Specific local mailing and/or notification requirements wil