Exhibit 12.1

REYNOLDS AMERICAN INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

(Unaudited)

	For The Three Months Ended March 31,				For The Years Ended December 31,
	2016		2015		2015		2014		2013		2012		2011
Earnings before fixed charges:
Income from continuing operations before income taxes	$	5,719	$	620	$	6,384	$	2,262	$	2,741	$	1,953	$	2,186
Fixed charges:
Interest and debt expense (1)		174		91		570		286		259		234		221
Interest portion of rental expense(2)		2		2		9		8		8		6		6
Add: Fixed charges		176		93		579		294		267		240		227
Earnings before fixed charges	$	5,895	$	713	$	6,963	$	2,556	$	3,008	$	2,193	$	2,413
Fixed charges:
Interest and debt expense(1)	$	174	$	91	$	570	$	286	$	259	$	234	$	221
Interest portion of rental expense(2)		2		2		9		8		8		6		6
Total fixed charges	$	176	$	93	$	579	$	294	$	267	$	240	$	227
Ratio of earnings to fixed charges(3)		33.5		7.7		12.0		8.7		11.3		9.1		10.6

⁽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.