British American Tobacco is the world’s second largest quoted tobacco group by global market share, with brands sold in around 180 markets. With more than 200 brands in our portfolio, we make the cigarette chosen by one in eight of the world’s one billion adult smokers. We hold robust market positions in each of our regions and have leadership in more than 50 markets. In 2011, our subsidiary companies sold 705 billion cigarettes. In the same year, our subsidiaries enabled governments worldwide to gather more than £30 billion in taxes, including excise duty on our products, almost nine times the Group’s profit after tax.