Analyst Coverage

Firm Analyst
Bank of America Merrill Lynch   Lisa Lewandowski
Barclays Capital   Simon Hales
Berenberg Bank   Jonathan Leinster
Cenkos Securities plc   Rae Maile
Citi Research   Adam Spielman
Cowen & Company   Vivien Azer
Goldman Sachs   Judy E. Hong
Jefferies   Owen Bennett
Morgan Stanley   Matthew C. Grainger
Morningstar   Adam Fleck
RBC Capital Markets   Nik Modi
Redburn Partners   Christian DeRoualle
Stifel   Christopher Growe
UBS  Stephen Powers
Wells Fargo Securities   Bonnie Herzog

Reynolds American Inc. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Reynolds American Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Reynolds American Inc. or its management. Reynolds American Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.