VST Industries Ltd. — Major Shareholding Notification 2021

Apr 20, 2021

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Globe House 4 Temple Place London WC2R 2PG United Kingdom

Tel +44 (0)20 7845 1000 Fax + 44 (0)20 7845 0555 www.bat.com

Mr K. Hari Listing Department National Stock Exchange of India Ltd Exchange Plaza, Bandra-Kurla Complex Bandra (E) Mumbai - 400 051 India

7 April 2021

Dear Sir

VST Industries Limited - Stock Code VSTIND Disclosure of shareholdings as at 31 March 2021

As required under Regulation 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, please find enclosed a form of disclosure in respect of the British American Tobacco Group's interests in VST Industries Limited as at 31 March 2021, held through: The Raleigh Investment Company Limited, Tobacco Manufacturers (India) Limited and Rothmans International Enterprises Limited.

Yours faithfully,

Oliver Martin Assistant Company Secretary

Enc.

British American Tobacco (Holdings) Limited | Registered in England and Wales no. 262254 | Registered office: Globe House, 4 Temple Place, London WC2R 2PG

$-37.741$

Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

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Part-A-Details of Shareholding

1. Name of the Target Company (TC)	VST Industries Limited
2. Name(s) of the stock exchange(s)	Bombay Stock Exchange Limited [BSE]
where the shares of the TC are listed	National Stock Exchange of India Limited [NSE]
3. Particulars of the shareholder(s):
a. Name of person(s) together with
Persons Acting in Concert (PAC)
whose total holding (including that in
the form of shares, warrants,
convertible securities and any other
instrument that would entitle the
holder to receive shares in the TC) is
more than 25% of the voting rights of	1. The Raleigh Investment Company Limited
the TC.	2. Tobacco Manufacturers (India) Limited3. Rothmans International Enterprises Limited
or
b. Name $(s)$ of promoter $(s)$ , member of
the promoter group and PAC with him			% of total diluted
4. Particulars of the shareholding of Number ofperson(s) mentioned at (3) above	shares	% w.r.t. totalshare/voting	share/voting
		capital wherever	capital of $TC$ (*)
		applicable
As of March 31, 2021,, holding of:
a) Shares
1. The Raleigh Investment Company	3,620,420	23.45	23.45
Limited	1,278,942	8.28	8.28
2. Tobacco Manufacturers (India)	66,540	0.43	0.43
Limited
3. Rothmans International Enterprises	Nil	Nil	Nil
Limited	Nil	Nil	Nil
	Nil	Nil	NilWeight
b) Voting Rights (otherwise than byshares)	Nil	Nil	Nil
Warrants$\mathbf{C}$ )
Convertible Securities$\mathbf{d}$
Any other instrument that woulde)
entitle the
holder to receive shares in the TC
Total	4,965,902	32.16	32.16

British American Tobacco (Holdings) Limited | Registered in England and Wales no. 262254 | Registered office: Globe House, 4 Temple Place, London WC2R 2PG

Communication of the communication of the communication

Part-B**

Name of the Target Company:

Persons Acting in Concert Promoter/Promoter group(PAC) with the person	Name(s) of the person and Whether the person belongs to	nd PACs
The Raleigh InvestmentCompany Limited	Promoter group
Tobacco Manufacturers(India) Limited	Promoter group
Rothmans InternationalEnterprises Limited	Promoter group

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Signature of the Authorised Signatory

Place:

Date: 7 April, 2021

Note:

• Diluted share/voting capital means the total number of shares in the TC assuming full $\left( ^{\ast }\right)$ conversion of the outstanding convertible securities/warrants into equity shares of the TC.
• $(**)$ Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.

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British American Tobacco (Holdings) Limited | Registered in England and Wales no. 262254 | Registered office: Globe House, 4 Temple Place, London WC2R 2PG

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