Form 8 (DD) – Mitchells and Butlers Plc

FORM 8 (DD)

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

These transactions have taken place as a consequence of book flattening. The Panel Executive has confirmed on an ex-parte basis that such transactions are permitted and have no Code consequences.

1. KEY INFORMATION

(a) Identity of the party to the offer or person acting in concert making the disclosure:	UBS Securities LLC

	Mitchells and Butlers Plc
	Acting in concert - Mitchells and Butlers Plc
(e) Date dealing undertaken:	13 September 2011
(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	NO

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing

Class of relevant security:
	Interests	Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.00%	0	0.00%
(2) Derivatives (other than options):	0	0.00%	0	0.00%
(3) Options and agreements to purchase/sell:	0	0.00%	0	0.00%
TOTAL:	0	0.00%	0	0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE

These transactions have taken place as a consequence of book flattening. The Panel Executive has confirmed on an ex-parte basis that such transactions are permitted and have no Code consequences.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
8 13/24p ordinary	Buy	161	2.43350 GBP
8 13/24p ordinary	Buy	69	2.43550 GBP
8 13/24p ordinary	Buy	293	2.44250 GBP
8 13/24p ordinary	Buy	993	2.44700 GBP
8 13/24p ordinary	Buy	961	2.44950 GBP
8 13/24p ordinary	Buy	942	2.45050 GBP
8 13/24p ordinary	Buy	922	2.45100 GBP
8 13/24p ordinary	Buy	59	2.46600 GBP
8 13/24p ordinary	Sell	161	2.43350 GBP
8 13/24p ordinary	Sell	1984	2.43500 GBP
8 13/24p ordinary	Sell	69	2.43550 GBP
8 13/24p ordinary	Sell	1956	2.43900 GBP
8 13/24p ordinary	Sell	315	2.44000 GBP
8 13/24p ordinary	Sell	1234	2.44100 GBP
8 13/24p ordinary	Sell	535	2.44250 GBP
8 13/24p ordinary	Sell	1875	2.44300 GBP
8 13/24p ordinary	Sell	6177	2.44600 GBP
8 13/24p ordinary	Sell	4330	2.44700 GBP
8 13/24p ordinary	Sell	6652	2.44800 GBP
8 13/24p ordinary	Sell	4621	2.44900 GBP
8 13/24p ordinary	Sell	961	2.44950 GBP
8 13/24p ordinary	Sell	942	2.45050 GBP
8 13/24p ordinary	Sell	922	2.45100 GBP
8 13/24p ordinary	Sell	957	2.45300 GBP
8 13/24p ordinary	Sell	1972	2.46000 GBP
8 13/24p ordinary	Sell	1955	2.46100 GBP
8 13/24p ordinary	Sell	3769	2.46400 GBP
8 13/24p ordinary	Sell	1065	2.46700 GBP
8 13/24p ordinary	Sell	911	2.46800 GBP
8 13/24p ordinary	Sell	973	2.47000 GBP
8 13/24p ordinary	Sell	912	2.47800 GBP
8 13/24p ordinary	Sell	1059	2.48100 GBP
8 13/24p ordinary	Sell	971	2.49000 GBP
8 13/24p ordinary	Sell	953	2.49100 GBP
8 13/24p ordinary	Sell	998	2.49300 GBP
8 13/24p ordinary	Sell	952	2.49400 GBP
8 13/24p ordinary	Sell	930	2.49800 GBP
8 13/24p ordinary	Sell	546	2.49900 GBP
8 13/24p ordinary	Sell	643	2.50300 GBP
	TOTAL BUY :	4400
	TOTAL SALE :	52300

(b) Derivatives transactions (other than options)

Class of relevant security			Number of reference securities	Price per unit

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit		Expiry date	Option money paid/ received per unit

(ii) Exercising

Class of relevant security		Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security		Details	Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

None

(b) Agreements, arrangements or understandings relating to options or derivatives

None

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

	14 September 2011
	Gemma Crewdson
	+44 (0)20 7568 1245

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.