EXHIBIT 12.1

REYNOLDS AMERICAN INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

(Unaudited)

	For the Nine Months Ended September 30,				For The Years Ended December 31,
	2015		2014		2014		2013		2012		2011		2010
Earnings before fixed charges:
Income from continuing operations before income taxes	$	5,874	$	2,053	$	2,262	$	2,741	$	1,953	$	2,186	$	2,205
Interest and debt expense (1)		385		197		286		259		234		221		232
Interest portion of rental expense (2)		6		6		8		8		6		6		7
Earnings before fixed charges	$	6,265	$	2,256	$	2,556	$	3,008	$	2,193	$	2,413	$	2,444
Fixed charges:
Interest and debt expense (1)	$	385	$	197	$	286	$	259	$	234	$	221	$	232
Interest portion of rental expense (2)		6		6		8		8		6		6		7
Total fixed charges	$	391	$	203	$	294	$	267	$	240	$	227	$	239
Ratio of earnings to fixed charges (3)		16.0		11.1		8.7		11.3		9.1		10.6		10.2

⁽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.