Form 8.5 – Mitchells & Butlers Plc

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:	Nomura International Plc
	Mitchells & Butlers Plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Mitchells & Butlers Plc
(d) Date position held/dealing undertaken:	14 September 2011
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	NO

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

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

Class of relevant security:	8 13/24p ordinary shares
	Interests	Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	165,823	0.040%	122,201	0.030%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	165,823	0.040%	122,201	0.030%

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).

(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(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Ordinary Shares	Purchase	179	2.494
Ordinary Shares	Purchase	936	2.495
Ordinary Shares	Purchase	1600	2.500
Ordinary Shares	Purchase	279	2.511
Ordinary Shares	Purchase	728	2.518
Ordinary Shares	Purchase	977	2.522
Ordinary Shares	Purchase	123	2.524
Ordinary Shares	Purchase	385	2.525
Ordinary Shares	Purchase	217	2.526
Ordinary Shares	Purchase	89	2.528
Ordinary Shares	Purchase	3583	2.529
Ordinary Shares	Purchase	343	2.534
Ordinary Shares	Purchase	377	2.542
Ordinary Shares	Purchase	186	2.546
Ordinary Shares	Purchase	933	2.549
Ordinary Shares	Purchase	1727	2.550
Ordinary Shares	Purchase	1176	2.552
Ordinary Shares	Purchase	915	2.557
Ordinary Shares	Purchase	4340	2.558
Ordinary Shares	Purchase	2111	2.559
Ordinary Shares	Purchase	445	2.563
Ordinary Shares	Purchase	1693	2.564
Ordinary Shares	Purchase	5923	2.565
Ordinary Shares	Purchase	9495	2.566
Ordinary Shares	Purchase	1954	2.567
Ordinary Shares	Purchase	14294	2.569
Ordinary Shares	Purchase	457	2.570
Ordinary Shares	Purchase	1242	2.571
Ordinary Shares	Purchase	3898	2.572
Ordinary Shares	Purchase	534	2.573
Ordinary Shares	Purchase	2273	2.574
Ordinary Shares	Purchase	6443	2.575
Ordinary Shares	Purchase	7112	2.576
Ordinary Shares	Purchase	25856	2.577
Ordinary Shares	Purchase	8352	2.578
Ordinary Shares	Purchase	10788	2.579
Ordinary Shares	Purchase	21341	2.580
Ordinary Shares	Purchase	9374	2.581
Ordinary Shares	Purchase	5025	2.582
Ordinary Shares	Purchase	38137	2.583
Ordinary Shares	Purchase	397	2.584
Ordinary Shares	Purchase	29302	2.585
Ordinary Shares	Purchase	4794	2.586
Ordinary Shares	Purchase	4674	2.587
Ordinary Shares	Purchase	10706	2.588
Ordinary Shares	Purchase	2532	2.589
Ordinary Shares	Purchase	748	2.590
Ordinary Shares	Purchase	6941	2.591
Ordinary Shares	Purchase	5136	2.592
Ordinary Shares	Purchase	3938	2.593
Ordinary Shares	Purchase	685	2.594
Ordinary Shares	Purchase	270	2.595
Ordinary Shares	Purchase	11304	2.599
Ordinary Shares	Purchase	46454	2.600
Ordinary Shares	Purchase	25212	2.601
Ordinary Shares	Purchase	12045	2.602
Ordinary Shares	Purchase	3561	2.603
Ordinary Shares	Purchase	3737	2.604
Ordinary Shares	Purchase	3200	2.605
Ordinary Shares	Purchase	1412	2.606
Ordinary Shares	Purchase	7238	2.607
Ordinary Shares	Purchase	3102	2.608
Ordinary Shares	Purchase	363	2.609
Ordinary Shares	Purchase	528	2.611
Ordinary Shares	Sale	1713	2.489
Ordinary Shares	Sale	340	2.503
Ordinary Shares	Sale	1278	2.506
Ordinary Shares	Sale	2665	2.526
Ordinary Shares	Sale	543	2.535
Ordinary Shares	Sale	3099	2.537
Ordinary Shares	Sale	1268	2.542
Ordinary Shares	Sale	495	2.543
Ordinary Shares	Sale	358	2.545
Ordinary Shares	Sale	2462	2.549
Ordinary Shares	Sale	427	2.553
Ordinary Shares	Sale	1447	2.557
Ordinary Shares	Sale	1278	2.564
Ordinary Shares	Sale	8271	2.565
Ordinary Shares	Sale	1804	2.566
Ordinary Shares	Sale	5562	2.567
Ordinary Shares	Sale	6817	2.569
Ordinary Shares	Sale	3337	2.570
Ordinary Shares	Sale	8738	2.571
Ordinary Shares	Sale	2483	2.572
Ordinary Shares	Sale	2914	2.573
Ordinary Shares	Sale	2626	2.574
Ordinary Shares	Sale	42342	2.575
Ordinary Shares	Sale	14664	2.576
Ordinary Shares	Sale	8407	2.577
Ordinary Shares	Sale	4721	2.578
Ordinary Shares	Sale	5108	2.579
Ordinary Shares	Sale	5709	2.580
Ordinary Shares	Sale	3423	2.581
Ordinary Shares	Sale	20687	2.582
Ordinary Shares	Sale	2288	2.582
Ordinary Shares	Sale	2598	2.583
Ordinary Shares	Sale	16123	2.584
Ordinary Shares	Sale	15332	2.585
Ordinary Shares	Sale	2123	2.586
Ordinary Shares	Sale	2013	2.587
Ordinary Shares	Sale	11406	2.588
Ordinary Shares	Sale	10534	2.589
Ordinary Shares	Sale	10535	2.590
Ordinary Shares	Sale	11617	2.591
Ordinary Shares	Sale	1667	2.592
Ordinary Shares	Sale	85122	2.592
Ordinary Shares	Sale	2371	2.593
Ordinary Shares	Sale	3002	2.594
Ordinary Shares	Sale	495	2.597
Ordinary Shares	Sale	2200	2.599
Ordinary Shares	Sale	36597	2.600
Ordinary Shares	Sale	8978	2.601
Ordinary Shares	Sale	8854	2.602
Ordinary Shares	Sale	6373	2.603
Ordinary Shares	Sale	8942	2.604
Ordinary Shares	Sale	5183	2.605
Ordinary Shares	Sale	352	2.606
Ordinary Shares	Sale	11047	2.607
Ordinary Shares	Sale	2152	2.608
Ordinary Shares	Sale	4362	2.609
Ordinary Shares	Sale	1614	2.610
Ordinary Shares	Sale	86	2.613

(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(b), 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

Is a Supplemental Form 8 (Open Positions) attached?

	15 September 2011
	Koji Kitayama
	020 7102 3615

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.