ROTHMANS RUSSIA HOLDING GMBH

Bremen

JAHRESABSCHLUSS ZUM 31. DEZEMBER 2008

Bilanz zum 31. Dezember 2008

ROTHMANS RUSSIA HOLDING GMBH

AKTIVA

	Anhang	31. Dezember 2008 EURO	31. Dezember 2007 EURO
Anlagevermögen
Finanzanlagen
Anteile an verbundenen Unternehmen	1	71.432.277	71.432.277
Umlaufvermögen
Forderungen und sonstige Vermögensgegenstände	2	536.639	675.768
		71.968.916	72.108.045
PASSIVA
	Anhang	31. Dezember 2008	31. Dezember 2007
Eigenkapital
Gezeichnetes Kapital	3	306.775	306.775
Kapitalrücklage		71.394.181	71.394.181
Gewinnvortrag		257.698	146.079
Rückstellungen	4	10.262	261.010
		71.968.916	72.108.045

Gewinn- und Verlustrechnung vom 1. Januar 2008 bis zum 31. Dezember 2008

ROTHMANS RUSSIA HOLDING GMBH

	2008 EURO	2007 EURO
Sonstige betriebliche Aufwendungen	(45.272)	(418)
Sonstige Zinsen und ähnliche Erträge	5.078	64.316
Dividende	75.485.250	59.934.929
Kapitalertragsteuer	(3.774.262)	(2.996.746)
Ergebnis der gewöhnlichen Geschäftstätigkeit	71.670.794	57.002.081
Steuern vom Einkommen und Ertrag	(1.209.175)	(1.206.194)
Jahresüberschuss	70.461.619	55.795.887
Gewinnvortrag aus dem Vorjahr	146.079	114.192
Vorabdividende	(70.350.000)	(55.764.000)
Bilanzgewinn	257.698	146.079

Anhang

ROTHMANS RUSSIA HOLDING GMBH

Erläuterungen zur Bilanz zum 31. Dezember 2008

Gegenstand des Unternehmens ist das Halten und Verwalten von Beteiligungen.

Alleinige Gesellschafterin ist somit die British American Tobacco Holdings (Russia) B.V., Amsterdam.

1. ANLAGEVERMÖGEN

Anteile an verbundenen Unternehmen

	Stand 1.1.2008 EUR	Zugänge EUR	Abgänge EUR	Abschreib. EUR	Stand 31.12.2008 EUR
CJSC 'British American Tobacco-SPb' (vormals ZAO Rothmans Nevo)	71.432.277	--	--	--	71.432.277
	71.432.277	--	--	--	71.432,277

2. UMLAUFVERMÖGEN

	31. Dezember 2008 EUR	31. Dezember 2007 EUR
British American Tobacco Holdings (The Netherlands) B.V.	241.930	675.768
Forderung aus Kapitalertragssteuer	294.709	--
	536.639	675.768

Ausgewiesen wird eine Forderung aus laufenden Kontokorrentverkehr gegenüber der British American Tobacco Holdings (The Netherlands) B.V., Amsterdam.

3. EIGENKAPITAL

	31. Dezember 2008 EUR	31. Dezember 2007 EUR
Gezeichnetes Kapital	306.775	306.775
	306.775	306.775

4. RÜCKSTELLUNGEN

	31. Dezember 2008 EUR	31. Dezember 2007 EUR
Steuerrückstellungen	--	261.010
Sonstige Rückstellungen	10.262	--
	10.262	261.010

den 5 März 2009

D.J. Booker

M. Wiechers

Die Geschäftsführung

Minutes of the General Meeting of Shareholders of the Company
held at Handelsweg 53 A, 1181 ZA Amstelveen
on Friday 6 March 2009 at 13.15 hours

Present:

Mr D J Booker - representing British American Holdings (Russia) B.V.

In attendance:

Mrs J E P Clot-Bollen

1

Chairman of the Meeting

IT WAS RESOLVED that Mr D J Booker be appointed Chairman of the Meeting.

2

Secretary of the Meeting

IT WAS RESOLVED that Mrs J E P Clot-Bollen would record the proceedings of the Meeting.

3

Notice and Quorum

The Chairman records that the meeting has been properly convened and that the total issued share capital of the Company is represented at the Meeting so that valid resolutions can be passed unanimously even though the statutory requirements concerning convening and giving notice of the Meeting have not been met.

The Chairman also observed that neither usufructs nor liens were attached to the shares and that no registered certificates of shares had been issued with the Company's collaboration.

4

Approval of the Accounts and Related Matters

The Chairman then proceeded to read the agenda concerning the Annual Accounts and Related Matters, being:

―	The consideration and adoption of the Annual Accounts of the Company as presented by the Directors for the year ended 31 December 2008;
―	The grant of discharge to the management of the Company for its conduct of the Company's affairs during the year end 31 December 2008;
―	The proposed transfer of the remaining profit for the year of EUR 111,619.43 to Other Reserves;

After due consideration on motions duly made and unanimously carried, IT WAS RESOLVED:

―	That the Annual Accounts of the Company for the year ended 31 December 2008 be and are hereby adopted as presented;
―	That the management of the Company be discharged for its conduct of the Company's affairs during the year ended 31 December 2008;
―	That the remaining profit for the year of EUR 111,619,43 be transferred to Other Reserves;

There being no further business the Chairman closed the Meeting at 13.20 hours.

Chairman

Secretary

Rothmans Russia Holding GmbH