EXHIBIT 12.1

REYNOLDS AMERICAN INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

(Unaudited)

	For The Years Ended December 31,
	2012		2011		2010		2009		2008
Earnings before fixed charges:
Income from continuing operations before income taxes	$	1,953	$	2,186	$	2,205	$	1,522	$	643
Deduct: Income on equity investment		—		—		—		—		(1	)
		1,953		2,186		2,205		1,522		642
Fixed charges:
Interest and debt expense(1)		234		221		232		251		275
Interest portion of rental expense(2)		6		6		7		7		7
Add: Fixed charges		240		227		239		258		282
Earnings before fixed charges	$	2,193	$	2,413	$	2,444	$	1,780	$	924
Fixed charges:
Interest and debt expense(1)	$	234	$	221	$	232	$	251	$	275
Interest portion of rental expense(2)		6		6		7		7		7
Total fixed charges	$	240	$	227	$	239	$	258	$	282
Ratio of earnings to fixed charges(3)		9.1		10.6		10.2		6.9		3.3

⁽¹⁾ Interest and debt expense includes interest on indebtedness, amortization of debt discount and expenses, and excludes interest related to reserves for income taxes, as such interest is included in provision for income taxes.

⁽²⁾ One-third of rent expense is the portion deemed representative of the interest factor.

⁽³⁾ Based on unrounded amounts.