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1 2010 Results & Management Financial Information

2 ,371,250 4,501,701 4,544,175 4,492,264 4,024,487 4,140,270 4,178,034 4,134,466 67,790 66,414 61,868 53, , , , ,404 83,947 84,685 83,076 71,467 2 EBITDA 3 315, , , , , , , ,419 (790) (3,105) (8,519) (5,110) (490) (2,660) 2, ,093 20,033 19,617 19, ,459 (207) , , , , , , , , , , , ,342 (11,482) (12,827) (18,985) (13,855) (14,582) (17,362) (11,860) (13,168) (1,764) 3,428 1, ,712 50,792 43,687 36,850 75, , ,958 89, ,057 (899,139) (90,477) (40,472) (74,877) 472,593 (76,990) (124,838) (111,968) 4 (786,499) 307,311 31, , , , , ,314 3,095,298 3,188,230 3,063,077 2,957, , , , ,499 1,515,539 1,618,877 1,400,384 1,283,939 1,526,583 1,513,846 1,613,105 1,622,654 ROE 3.5% 2.9% 2.4% 4.7% ROA 5.4% 6.4% 3.5% 3.1% 3.6% 4.2% % 47.5% 52.7% 54.9% % 169.7% 196.3% 226.4% 72.5% 78.1% 74.9% 69.7% Private Brand 3. EBITDA 4. FCF

3 ,625,151 4,664,514 4,637,657 4,769,387 6,409,727 6,832,307 6,134,695 $65,936 4,236,920 3,491,488 3,405,281 3,416,274 3,362,398 3,200,494 3,042,836 32, , , ,658 2,639,969 3,118,319 2,633,636 28,306 51,242 57,676 49,257 45,452 49,064 56,758 44, , , , , , , ,653 4,242 86,851 57,265 23,553 21,449 21,876 20,770 19, ,605,343 2,650,586 2,628,878 2,718,358 3,822,331 4,005,123 3,620,543 38,914 2,019,807 2,013,927 2,008,780 2,051,029 2,587,396 2,827,184 2,514,152 27,022 1,684,404 1,596,151 1,633,186 2,068,368 2,243,146 1,980,970 21, , , , , , , ,702 $ 5, , , , , , , ,646 2,769 65,462 94, , , , ,869 2,686 (4,426) 5,474 (1,803) (8,197) (6,269) 4,890 (9,651) (104) 3,300 7,931 11,869 12,018 8,353 17,030 14, ,674 26,810 22,140 21,586 22,055 13,150 13, (1,593) 1, , , , , , , , ,197 2, , , , , , , ,505 $ 3, , , , , , , ,339 2,186 44,458 71,031 81, , , ,127 1,173 (12,840) 1,855 (5,057) (11,207) (9,644) 1,020 (13,593) (146) (4,851) 1,948 6,325 6, (11,451) (13,696) (147) 11,976 10,427 8,673 9,331 10,448 9,695 10, ,340 (1,150) 5, ,375 1, (7,603) 62, , , , , ,448 1, , , , , , , ,024 $ 3,440 (228,620) 176,914 (26,358) (149,692) (1,668,635) (65,008) (84,057) (903) (109,335) (202,196) (48,135) (32,635) 519,001 (217,470) (250,398) (2,691) 269, , , ,007 (1,493,717) 240, ,742 2, , , , , , , ,561 $ 7,304 3,029,084 2,982,056 3,037,379 3,364,663 5,087,214 3,879,803 3,872,596 41, , , , ,269 1,389, , ,330 9,397 1,467,322 1,430,256 1,217,306 1,340,047 2,932,585 2,255,515 2,149,317 23,101 1,507,937 1,498,204 1,762,512 2,024,616 2,154,629 1,624,288 1,723,279 18,522 (0.5%) 4.2% 12.4% 11.3% 11.8% 6.8% 8.6% 7.9% 9.2% 10.4% 10.7% 10.5% 8.4% 7.8% 5.1% 5.9% 6.6% 7.0% 6.7% 5.3% 4.8% % 50.2% 58.0% 58.3% 40.8% 40.0% 42.6% % 202.7% 256.7% 226.4% 96.1% 100.2% 108.6% 69.9% 67.6% 60.7% 61.3% 103.4% 102.5% 99.3% Results & Management 65

4 P.61 JT JT JT JT 1,519 1 JT 364, TS 2 JT 1 JT2 JT JT TS TS JT RJR Nabisco Inc. RJR JT RJR , , , JT Winston Camel Salem JT International JTI JT Gallaher , , ,200 8,200 4, ,500 1, ,000 1,500 1, JT Gallaher 3 CIS Winston CamelMild Seven Benson & Hedges Silk Cut LD Sobranie Glamour 8 GFB GFB 66

5 JT % JT HIV % , , % 45.6% % 42.9% , , ,000 68,323 70,000 64,097 61,347 60,000 50,000 46,377 47,694 40,000 30,000 20,000 10, % 1, JT JTJT 1 2 JT 1985 JT JT ,000 4,306 4,000 3,638 3,320 3,069 2,965 3,000 2,000 1, Results & Management 67

6 2010 JT % 1, % 4, ,599 1, ,459 4,349 6,058 5,868 4 TS JT 5 JT s 100 s s GFB GFB GFB

7 P.61 Results & Management JTIH JT JT JT JT International Holding B.V. JT JTIH ,409,727 6,832,307 6,134,695 $65,936 5,228,926 5,554,399 5,022,637 53,984 1,180,801 1,277,908 1,112,058 11, , , ,553 8, , , ,505 3,187 (57,940) (101,662) (20,450) (220) 372, , ,055 2, , , ,304 1, , , ,751 1,556 5,533 3,771 6, , , ,448 $ 1, , , ,875 $ 2,535 69

8 ,409,727 6,832,307 6,134,695 $65,936 3,362,398 3,200,494 3,042,836 32,705 2,639,969 3,118,319 2,633,636 28,306 49,064 56,758 44, , , ,653 4,242 21,876 20,770 19, ,243,147 1,980,970 $21, , ,991 6,621 1,080, ,756 9,746 56,758 44, , ,653 4,242 20,770 19, Private Brand , , ,505 $3, , , ,339 2, , , ,127 1,173 (9,644) 1,020 (13,593) (146) 667 (11,451) (13,696) (147) 10,448 9,695 10, ,375 1, EBITDA 602, , ,702 $5, , , ,646 2, , , ,869 2,686 (6,269) 4,890 (9,651) (104) 8,353 17,030 14, ,055 13,150 13, ,

9 , %6 1,347 JT 8 JT 1,5774.9% %6,160 JT %1, % 4, JT 36 4, %2 6,336 1, % 9, %4,349 GFB 210.9%2, $ $ $ $ $ $ $ $ % JTT JTT %3, % 1, %2, , % %8,156 EBITDA EBITDA 1, %5, %2,965 EBITDA 11JT-11 EBITDA EBITDA Results & Management 71

10 2010 EBITDA % 2, % 2,033 EBITDA % 2, %1,091 EBITDA JTT JTT-705 EBITDA % EBITDA EBITDA 21.4% % %2, % 1, % %1, % %1, JT % 2,

11 , %6 8, JT JT 1,6194.8%3 2,005JT 784.7%1, % 2 4, JT 36 4, %3 1, %4,523 GFB %2,455 GFB Gallaher $ $ % JTT JTT %4, % 1,874 1, %2, , %5 5,544 Gallaher , %9,141 Gallaher EBITDA EBITDA %6, %3,638 16JT-11 EBITDA EBITDA Results & Management 73

12 2010 EBITDA % 2, % 1,883 EBITDA % 3,380GFB Gallaher %1,748 EBITDA JTT-305 JTT-705 EBITDA % EBITDA % % ,017Gallaher , %2, % 1, % , %1, % , %1, JT ,055 2,

13 3 CIS Results & Management ,409,727 6,832,307 6,134,695 $65,936 3,711,763 3,672,004 3,482,548 37,430 1,678,770 2,038,028 1,677,755 18,033 1,019,194 1,122, ,392 10, , , ,505 $3, , , ,553 1,983 55,936 (24,188) (40,289) (433) 151, , ,496 1, ,922 1, ,8955.2%3 4, % 1, , %2 380 Gallaher %3 6, % 1, , %9, %1, , , %1 6, %1 1, %1,

14 ,5441, , , ,024 $ 3,440 (1,668,635) (65,008) (84,057) (903) 519,001 (217,470) (250,398) (2,691) 40,091 (39,591) 1, (964,513) (46,798) (12,889) (139) 1,179, , ,258 1,798 (953) 215, , ,369 $ 1, ,753 3, ,175 2, ,450 2,753 Gallaher , ,190 2,175 76

15 , , ,134 $1, , , , , JT-11 30% 30% % Results & Management 77

16 JT ,903 JT JT ,461 4,594 1, % 5.30% 0.90% 5.30% 2.35% 8.00% 0.97% 8.75% , , ,525 $3, ,228 1, ,974 1, , ,558 1, ,307 $9,397 JT JT 3 1 JT Moody s Investors Service Aa3 & Standard & Poor s Ratings ServicesA R&IAA 1 JT JT JTJT 78

17 , , % 2.750% 0.090% 3.500% 0.130% % 1.040% % % 0.145% JT JT JT EBITDA Results & Management 79

18 , ,369 $ 1, ,610 13, , ,885 3, , ,063 1, , ,622 1,178 6,562 5, , ,893 3, , ,086 1,936 (3,162) (3,623) (39) 1,095,682 1,195,844 12, , ,703 1, , ,509 6, , ,608 7, , ,907 1,837 35,254 41, ,611,526 1,631,632 17,537 (942,783) (952,071) (10,233) 668, ,561 7, ,495 60, ,639 23, , ,901 3,772 1,453,961 1,387,397 14, ,787 85, , ,102 1,333 (41,696) (34,695) (373) 2,115,378 1,997,191 21,466 3,879,803 3,872,596 $ 41,623 80

19 , ,263 $ 1, ,000 1, ,256 78, , ,795 3, , ,462 1, ,825 73, ,777 54, ,848 60, , ,757 1,610 1,093,403 1,101,535 11, , ,710 6, , ,902 2, ,390 94,578 1, , ,592 1,436 1,162,112 1,047,787 11, ,000,000 10,000, , ,000 1, , ,407 7, ,224,989 1,310,670 14,087 8,438 12, (18,966) (26,270) (282) (423,562) (409,161) (4,397) , ,903 (74,578) (74,575) (802) 1,553,178 1,649,680 17,731 71,110 73, ,624,288 1,723,279 18,522 3,879,803 3,872,596 $41,623 Results & Management 81

20 ,409,727 6,832,307 6,134,695 $65,936 3 f 5,228,926 5,554,399 5,022,637 53,984 1,180,801 1,277,908 1,112,058 11, , , ,553 8, , , ,505 3,187 13,410 12,276 6, ,179 32,787 21, (3,825) (16,365) (6,043) (65) 8 (41,759) (51,356) (26,111) (281) (11,154) (7,063) (1,404) (15) 9 15 (6,442) (24,364) (9,900) (106) 15 (65,349) (47,577) (5,744) (62) (57,940) (101,662) (20,450) (220) 372, , ,055 2, , , ,145 1,227 11,107 8,241 17, , , ,304 1, , , ,751 1,556 5,533 3,771 6, , , ,448 $ 1, r19 24,917 12,881 14,452 $ r19 24,916 12,880 14, r 4,800 5,400 5,

21 , , ,400 1,158,337 33,330 14,580 (15,560) 7,745 (74,578) 1,960,254 64,362 2,024,616 3 q (10,548) (10,548) (10,548) 238, , , ,400 (42,152) (42,152) (42,152) (11,991) (14,360) 4,848 (48,831) (70,148) 14,008 (56,140) , , , ,344,490 21, (10,712) (41,086) (74,578) 2,076,259 78,370 2,154, b (193,658) (193,658) (193,658) 123, , , ,200 (49,816) (49,816) (49,816) (12,901) (128) (8,254) (382,476) (403,580) (7,260) (410,840) , , , ,224,989 8, (18,966) (423,562) (74,578) 1,553,178 71,110 1,624, , , , ,600 (53,648) (53,648) (53,648) ,606 (92) (7,304) 14,401 10,811 2,489 13, , , , ,310,670 12,044 (26,270) (409,161) (74,575) 1,649,680 73,599 1,723, $1,075 $7,915 $4 $13,166 $ 91 $ 1 $ (204) $(4,552) $ (802) $16,694 $764 $17,458 1,488 1,488 1, (576) (576) (576) (1) (78) $1,075 $7,915 $6 $14,087 $129 $ $(282) $(4,397) $(802) $17,731 $791 $18,522 Results & Management 83

22 , , ,055 $ 2,967 (132,725) (114,414) (116,339) (1,250) 167, , ,770 1,427 3, ,512 97,427 1,047 (57,179) (32,787) (21,770) (234) 3,825 16,365 6, ,154 7,063 1, ,485 (43,141) 5, ,115 (47,632) (79,457) (854) (213,134) 28,981 30, (16,650) 2,699 (12,821) (138) (39,956) (7,940) 14, (4,932) (13,159) (8,035) (86) (24,128) (65,320) (6,703) (71) (227,584) 13,127 43, , , ,024 3,440 (2,443) (1,643) (3,999) (43) 6,846 3,272 2, (124,832) (112,408) (121,459) (1,305) 83,336 55,256 44, (6,831) (6,949) (6,639) (71) 4 (1,608,081) (3,061) (9,975) (107) (16,630) , (1,668,635) (65,008) (84,057) (903) 136,063 (125,182) 93,444 1, ,863 94,130 1, (90,199) (54,663) (191,041) (2,053) 149, ,304 1,078 (10,000) (70,810) (191,928) (2,063) (42,152) (49,752) (53,642) (577) (2,890) (3,540) (3,681) (40) (6,606) (5,757) (61) (407) (1,047) ,001 (217,470) (250,398) (2,691) 40,091 (39,591) 1, (964,513) (46,798) (12,889) (139) 1,179, , ,258 1,798 (953) 215, , ,369 $ 1, ,1763,

23 JT 2. 3 q 3. a JT JT JT d 5 20 Results & Management 85

24 b ASBJ IFRS JT ,235193, c 3 d e f ASBJ g JT

25 h i 10 j k l 1 JT 2 JT JT JTSPC m ASBJ Results & Management 87

26 JT JT n o p p q JT JT FASB 48 FIN48 r ,580, ,580,

27 s ASBJ JT t u v Results & Management 89

28 I JTI UK MANAGEMENT LTD Gallaher Group Plc Gallaher Group Ltd.Gallaher Gallaher Gallaher JTI UK MANAGEMENT LTD JTI UK MANAGEMENT LTD JT International Holding B.V. 1. 1Gallaher Group Plc 2 3 Gallaher %

29 4. 1 1,721,368 17, ,572 ($ 4,098) 2,531,125 ($25,263) 2,941,697 ($29,361) 405,712 ($ 4,049) 749,479 ($ 7,481) 1,155,191 ($11,530) 523,263 5, ,791,189 17, II % ,0861, , ,279 ($ 891) 136,995 ($1,367) 226,274 ($2,258) 84,813 ($ 847) 24,532 ($ 244) 109,345 ($1,091) Results & Management 91

30 2010 Gallaher 499,851 $ 4, ,046 8,335 1,833,074 18,296 (490,525) (4,897) (774,011) (7,726) (11,530) (115) (47,824) (477) 2007 (166,312) (1,660) ,677,769 16,745 (69,680) (695) 1,608,089 16,050 III BAC ASBJ ,856 $ 84 1,700 4, ,610 13,026 $140 54,217 51,147 $550 4,137 3, ,141 5, ,495 60,178 $647 92

31 ,334 19,286 5,105 49,515 4, ,229 8, , ,070 19,755 1,874 46,951 7, ,698 4,641 1, , $312 $213 $20 $ ,702 4,196 $45 1, ,500 4,818 $ $ 293 $ (7) $ Results & Management 93

32 ,902 2,719 12,962 $ ,683 $ 40 (43) (48) (1,939) (21) ,744 $ ,154 7,062 1, % 30% 50% , ,870 $84 $3 $ , , ,381 $84 $3 $ , ,152 $3,860 88, ,327 1,326 81,903 72, , ,100 $5,966 9 JT JT 3 f 94

33 ,506 (2,420) 39, ,606 5,279 (143) 5,136 26,738 29,271 (10,951) 18,320 66,774 76,056 (13,514) 62, , $446 $ (26) $420 $1, (2) (117) $817 $(145) $672 $2, , ,546 5,179 6,367 (44) 1, ,010 (21) 2,942 3,329 (387) 21,768 16,000 9,010 6,990 21,703 $124 $56 $68 $ (4) 233 $172 $97 $75 $233 Results & Management 95

34 % 2.750% % 3.500% 51,444 48,929 $ % % % % 61,787 60, % 0.145% 119,000 1, , ,263 $2, % ,000 $ 1.34% ,998 50, % ,000 40, % ,996 59, % ,000 1, % , % , ,829 1, % ,733 36, % ,974 66, ,261 1, , ,594 1, ,746 14, , ,066 6,944 1 (222,256) (78,356) (842) 660, ,710 $6, % 6.77% % 8.95% JT % LIBOR % JT % 5.30% % 5.30% % 8.00% % 8.75% JT JT 1.61% 96

35 ,525 $3, ,228 1, ,974 1, , ,558 1, ,307 $9,397 JTJT JT ,862 $117 5, , ,319 $ ,821 $ 63 4, , , ,076 $184 JT 9. 1 JT Results & Management 97

36 (424,413) (455,264) $(4,893) 280, ,317 3,453 (143,900) (133,947) (1,440) 44,997 42, ,204 4, (92,699) (86,961) (935) 3. q (25,662) (35,742) (384) (27,642) (23,391) (251) (5,136) (3,721) (40) (140,867) (142,373) $(1,530) 12 JT , ,567 (199) 139 4,507 (7,604) (3,097) 7, ,115 13,123 11,294 $ ,149 21,720 18, (19,782) (20,133) (12,902) (139) (430) 748 3, ,530 1,256 1, ,582 16,714 22,102 $

37 % 3.5% 5.3% 2.5% 5.5% 7.0% Results & Management % 3.3% 6.3% 2.5% 4.3% 6.0% % 3.0% 5.8% 2.5% 4.5% 6.2% ,208 3,9485, ,285 2,6917, , , , ,177 $ 3,495 (497,473) (502,794) (5,404) (81,640) (177,617) $(1,909) % 1.3% 99

38 JT 1985JT JT (116,890) (106,346) $(1,143) (1,389) (3,184) (34) (118,279) (109,530) $(1,177) ,094 1,918 1,753 $ (28) 0 2,334 2,025 1,725 $ % a

39 b 10% 25% 25% 11. c ,969 43, $ $ , $ Results & Management 101

40 (106) (410) ,153 (137) (865) (17) ($0.01) ($0.01) ($0.01) 272, , , ,517 ($2,123) % , %

41 12. JT % Results & Management ,718 42,984 $ ,726 44, ,855 45, ,558 20, ,330 10, ,558 73, (64,920) (74,102) (796) 223, ,646 1,748 (32,360) (26,306) (283) (73,387) (72,287) (777) (10,227) (8,783) (94) (62,694) (40,214) (432) (178,668) (147,590) (1,586) 45,157 15,056 $ ,675 26,615 $ ,787 85, (2,915) (2,357) (25) (110,390) (94,578) (1,017) 45,157 15,056 $ % 40.35% 40.35% (9.67) (12.60) (6.90) FIN48 (1.51) (5.49) (0.49) 0.02 (2.44) (1.47) 34.45% 51.49% 47.56% 103

42 ,163 47,296 49, , , ,684 1, ,230 5, ,497 7,362 $ ,020 21, ,517 28,515 $ (2,285) (2,691) (7,288) $ (78) (404) (1,395) (15) (4,157) (21,269) (1,217) (13) (6,442) (24,364) (9,900) $(106)

43 ,825 16,3656, Results & Management (2,005) (768) (522) $ (6) (31,790) (21,802) (20,228) (217) 1,773 2,370 2, (2,333) (2,025) (1,725) (19) 16, PCB (4,056) (44) (12,879) (13,469) (5,624) (12,491) (11,883) 1, (65,349) (47,577) (5,744) $ (62) IC Gallaher Group Ltd. Gallaher Group PlcGallaher Ltd. Gallaher Gallaher Group Plc Gallaher Group Ltd

44

45 a , , ,885 1 (2,860) 294, ,025 68,385 68, ,856 7, ,229 60, , , , , , , , , , ,462 73,739 73,739 54,058 54,058 60,105 60, , ,273 14, , ,733 1,138 1,505,427 1,521,428 16,001 2,039 2, $ 1,659 $ 1,659 $ 3,191 1 (31) 3,160 3, ,554 5, ,174 1,174 1,279 1,279 3,308 3,308 1,606 1, ,938 5, ,855 1, ,180 16, Results & Management 107

46 5 17 b ,400 $ ,369 $1,659 $ 296,885 3, ,254 4,

47 Results & Management 109

48 , ,944 (5,473) 154, ,600 (2,953) 296,523 2, , ,502 (3,577) 183, ,286 (1,558) 133,768 2,416 (490) (490) 7,784 (306) (306) 59,712 (242) (242) 59,712 (123) (123) 2,193 (151) (151) 3, ,260 2,260 (460) (460) 1, (9,506) (4,466) (419) 270,582 (1,218) 2,211 72,284 2,811 2,811 36,606 36,606 2,297 2, (5) (5) 484, , (1,504) 297,744 36, (1,209) 2,929 1,302 1, $3,187 $ 31 $ 7 $ 7 1, (5) (5) 642 (1) (1) (5) (5) $ (4) , (13) $

49 , Results & Management $ JTI-Macdonald Corp. JTIMac JTI-Mac ,680 JTI-Mac JTI-Mac 111

50 ,448 9,580,092 14,452 $155 1, ,448 9,581,941 14,449 $ ,400 9,580,080 12,881 $ ,400 9,580,926 12,880 $ ,702 9,580,080 24,917 $ ,702 9,580,177 24,916 $ TS JT

51 ,362,398 2,639,969 49, ,420 21,876 6,409,727 6,409,727 48,981 35, , ,769 (106,769) 3,411,379 2,675,310 49, ,535 44,208 6,516,496 (106,769) 6,409,727 3,189,031 2,469,950 58, ,868 33,760 6,087,317 (108,144) 5,979, , ,360 (9,644) , ,179 1, , ,123 3,804, , ,283 90,001 5,206,243 (119,029) 5,087,214 83,290 65,398 3,375 4,891 11, ,560 (902) 167, ,070 2,755 3,825 1,088 2,795 3,883 3,883 57,201 48,431 4,257 6,033 14, ,715 (1,160) 129, ,200,494 3,118,319 56, ,966 20,770 6,832,307 6,832,307 48,390 40, , ,198 (101,198) 3,248,884 3,158,950 56, ,099 32,814 6,933,505 (101,198) 6,832,307 3,060,625 2,984,178 55, ,550 23,119 6,571,210 (102,709) 6,468, , ,772 1,020 (11,451) 9, ,295 1, , ,673 2,700, , ,670 87,432 4,020,393 (140,590) 3,879,803 82,933 68,960 3,870 18,293 3, ,512 (612) 176,900 3,830 3,830 12,535 16,365 1,089 94,235 10, , ,512 46,506 59,776 3,426 23,201 1, , , ,042,836 2,633,636 44, ,653 19,501 6,134,695 6,134,695 54,922 38, , ,610 (103,610) 3,097,758 2,671,764 44, ,765 29,949 6,238,305 (103,610) 6,134,695 2,894,419 2,562,637 57, ,461 19,392 5,942,571 (104,381) 5,838, , ,127 (13,593) (13,696) 10, , , ,293 2,765, , ,190 85,094 4,058,585 (185,989) 3,872,596 53,218 56,090 3,942 16,498 2, , , ,030 3,136 4,183 1,860 6,043 1,088 84,652 11,687 97,427 97,427 45,828 64,552 2,954 23, , ,134 Results & Management 113

52 2010 $32,705 $28,306 $ 474 $4,242 $209 $65,936 $ $65, ,114 (1,114) 33,295 28, , ,050 (1,114) 65,936 31,109 27, , ,871 (1,122) 62,749 $ 2,186 $ 1,173 $ (146) $ (147) $113 $ 3,179 $ 8 $ 3,187 $ 8,408 $29,729 $1,226 $3,345 $914 $43,622 $(1,999) $41, , , ,047 1, , ,474 TS TS 1,193,178 1,135,320 1,084,321 11, b , ,711,763 1,678,770 1,019,194 6,409,727 6,409,727 52, ,062 29, ,582 (262,582) 3,764,071 1,859,832 1,048,406 6,672,309 (262,582) 6,409,727 3,541,731 1,803, ,008 6,242,635 (263,462) 5,979, ,340 55, , , ,554 1,160,749 3,436, ,170 5,017,104 70,110 5,087, ,672,004 2,038,028 1,122,275 6,832,307 6,832,307 53, ,872 39, ,392 (316,392) 3,725,338 2,261,900 1,161,461 7,148,699 (316,392) 6,832,307 3,538,899 2,286, ,828 6,786,815 (318,314) 6,468, ,439 (24,188) 199, ,884 1, ,806 1,083,962 2,378, ,080 3,813,721 66,082 3,879,803 11,277 94, , ,

53 2010 3,482,548 1,677, ,392 6,134,695 6,134,695 59, ,601 34, ,816 (290,816) 3,542,437 1,874,356 1,008,718 6,425,511 (290,816) 6,134,695 3,357,884 1,914, ,222 6,130,751 (292,561) 5,838, ,553 (40,289) 150, ,760 1, ,505 1,031,911 2,358, ,866 3,823,880 48,716 3,872,596 12,775 84,652 97,427 97, $37,430 $18,033 $10,473 $65,936 $ $65, , ,126 (3,126) 38,074 20,146 10,842 69,062 (3,126) 65,936 36,091 20,579 9,224 65,894 (3,145) 62,749 $ 1,983 $ (433) $ 1,618 $ 3,168 $ 19 $ 3,187 $11,091 $25,345 $ 4,663 $41,099 $ 524 $41, ,047 1, b , ,634,921 2,002,739 1,646,648 $17,698 1,070,540 1,177,113 1,008,326 10,838 2,705,461 3,179,852 2,654,974 $28,536 6,409,727 6,832,307 6,134,695 $65, Results & Management 115

54 21. JTI-Macdonald Corp. JTI-Mac RJR RJR JTI-Mac RJR RJR RJR

55 Results & Management Deloitte Touche Tohmatsu 117

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