Form 8.5 – Mitchells & Bulters 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:	15 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:	167,422	0.041%	136,340	0.033%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	167,422	0.041%	136,340	0.033%

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	722	2.619
Ordinary Shares	Purchase	819	2.620
Ordinary Shares	Purchase	241	2.641
Ordinary Shares	Purchase	5,736	2.649
Ordinary Shares	Purchase	4,628	2.650
Ordinary Shares	Purchase	1,748	2.653
Ordinary Shares	Purchase	1,106	2.654
Ordinary Shares	Purchase	7,781	2.660
Ordinary Shares	Purchase	3,844	2.661
Ordinary Shares	Purchase	1,884	2.663
Ordinary Shares	Purchase	120	2.664
Ordinary Shares	Purchase	1,814	2.666
Ordinary Shares	Purchase	1,790	2.668
Ordinary Shares	Purchase	202	2.669
Ordinary Shares	Purchase	451	2.670
Ordinary Shares	Purchase	12,117	2.671
Ordinary Shares	Purchase	803	2.672
Ordinary Shares	Purchase	9,020	2.674
Ordinary Shares	Purchase	3,517	2.675
Ordinary Shares	Purchase	414	2.676
Ordinary Shares	Purchase	4,790	2.677
Ordinary Shares	Purchase	970	2.678
Ordinary Shares	Purchase	8,361	2.679
Ordinary Shares	Purchase	22,773	2.680
Ordinary Shares	Purchase	4,470	2.681
Ordinary Shares	Purchase	19,075	2.682
Ordinary Shares	Purchase	4,022	2.683
Ordinary Shares	Purchase	4,493	2.684
Ordinary Shares	Purchase	4,681	2.685
Ordinary Shares	Purchase	4,650	2.686
Ordinary Shares	Purchase	10,095	2.687
Ordinary Shares	Purchase	3,613	2.688
Ordinary Shares	Purchase	94	2.689
Ordinary Shares	Purchase	5,407	2.689
Ordinary Shares	Purchase	123,680	2.690
Ordinary Shares	Purchase	1,167	2.691
Ordinary Shares	Purchase	9,700	2.691
Ordinary Shares	Purchase	8,109	2.692
Ordinary Shares	Purchase	1,775	2.692
Ordinary Shares	Purchase	8,124	2.693
Ordinary Shares	Purchase	745	2.694
Ordinary Shares	Purchase	8,101	2.695
Ordinary Shares	Purchase	2,020	2.696
Ordinary Shares	Purchase	7,498	2.697
Ordinary Shares	Purchase	3,478	2.698
Ordinary Shares	Purchase	2,296	2.699
Ordinary Shares	Purchase	22,422	2.700
Ordinary Shares	Purchase	27,409	2.701
Ordinary Shares	Purchase	18,424	2.702
Ordinary Shares	Purchase	32,926	2.703
Ordinary Shares	Purchase	37,665	2.704
Ordinary Shares	Purchase	5,809	2.705
Ordinary Shares	Purchase	5,580	2.706
Ordinary Shares	Purchase	864	2.707
Ordinary Shares	Purchase	388	2.709
Ordinary Shares	Purchase	285	2.710
Ordinary Shares	Purchase	1,544	2.711
Ordinary Shares	Purchase	1,982	2.713
Ordinary Shares	Purchase	259	2.714
Ordinary Shares	Purchase	1,109	2.715
Ordinary Shares	Purchase	1,506	2.716
Ordinary Shares	Purchase	10	2.718
Ordinary Shares	Purchase	22,402	2.721
Ordinary Shares	Sale	1,231	2.649
Ordinary Shares	Sale	15,574	2.650
Ordinary Shares	Sale	2,402	2.652
Ordinary Shares	Sale	2,224	2.653
Ordinary Shares	Sale	949	2.663
Ordinary Shares	Sale	207	2.664
Ordinary Shares	Sale	2,256	2.667
Ordinary Shares	Sale	3,227	2.668
Ordinary Shares	Sale	1,917	2.669
Ordinary Shares	Sale	4,213	2.670
Ordinary Shares	Sale	1,080	2.671
Ordinary Shares	Sale	10,532	2.672
Ordinary Shares	Sale	373	2.673
Ordinary Shares	Sale	15,823	2.674
Ordinary Shares	Sale	4,359	2.675
Ordinary Shares	Sale	5,679	2.676
Ordinary Shares	Sale	10,919	2.677
Ordinary Shares	Sale	13,125	2.678
Ordinary Shares	Sale	8,894	2.679
Ordinary Shares	Sale	34,126	2.680
Ordinary Shares	Sale	4,275	2.681
Ordinary Shares	Sale	13,552	2.682
Ordinary Shares	Sale	9,250	2.683
Ordinary Shares	Sale	9,372	2.684
Ordinary Shares	Sale	10,096	2.685
Ordinary Shares	Sale	6,554	2.686
Ordinary Shares	Sale	9,880	2.687
Ordinary Shares	Sale	8,849	2.688
Ordinary Shares	Sale	3,270	2.689
Ordinary Shares	Sale	18,071	2.690
Ordinary Shares	Sale	8,241	2.691
Ordinary Shares	Sale	1,321	2.692
Ordinary Shares	Sale	3,214	2.693
Ordinary Shares	Sale	1,232	2.694
Ordinary Shares	Sale	8,911	2.695
Ordinary Shares	Sale	1,728	2.696
Ordinary Shares	Sale	2,681	2.697
Ordinary Shares	Sale	3,773	2.698
Ordinary Shares	Sale	4,913	2.699
Ordinary Shares	Sale	16,344	2.700
Ordinary Shares	Sale	10,129	2.701
Ordinary Shares	Sale	12,290	2.702
Ordinary Shares	Sale	195,218	2.703
Ordinary Shares	Sale	1,696	2.704
Ordinary Shares	Sale	4,265	2.705
Ordinary Shares	Sale	1,234	2.706
Ordinary Shares	Sale	2,123	2.707
Ordinary Shares	Sale	1,232	2.708
Ordinary Shares	Sale	2,312	2.710
Ordinary Shares	Sale	1,827	2.711
Ordinary Shares	Sale	2,879	2.712
Ordinary Shares	Sale	1,235	2.713
Ordinary Shares	Sale	682	2.714
Ordinary Shares	Sale	1,232	2.715
Ordinary Shares	Sale	1,204	2.719
Ordinary Shares	Sale	1,333	2.720

(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?

	16 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.