| HALF YEAR HIGHLIGHTS | |
| • | Group revenue was up by 2% and up by 4% at constant rates of exchange, mainly as a result of continuing good pricing momentum. Exchange rate movements adversely impacted three of the Group’s four regions. |
| • | Adjusted Group profit from operations increased by 4% and by 6% at constant rates of exchange. |
| • | The reported profit from operations was 3% higher at £2,807 million. |
| • | Group cigarette volume was 332 billion, a decline of 3.4%. Total tobacco volume (including cigarettes) was 3.2% lower. This performance was achieved against a total industry decline, a demanding one-off comparator and the leap year impact. Underlying cigarette volume decline was 2%. |
| • | The Group’s cigarette market share continued to increase in its Top 40 markets, led by good market share growth of the Global Drive Brands, which grew volume by 2.3%. |
| • | Adjusted diluted earnings per share rose by 8% to 109.1p, principally as a result of the growth in profit from operations. At constant rates of exchange, it was up by 10%. |
| • | Basic earnings per share were up by 9% at 106.6p (2012: 97.8p). |
| • | The Board has declared an interim dividend of 45.0p, a 7% increase on last year, to be paid on 30 September 2013. |
