Form 8.5 (EPT/RI)

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the Code)

1. KEY INFORMATION

(a) Name of exempt principal trader:	UBS AG London Branch
	Mitchells and Butlers Plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Mitchells and Butlers Plc
(d) Date dealing undertaken:	16 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. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
8 13/24p ordinary	Buy	772048	2.69744 GBP	2.59000 GBP
8 13/24p ordinary	Sell	370710	2.70000 GBP	2.59900 GBP

(b) Derivatives transactions (other than options)

Class of relevant security			Number of reference securities	Price per unit
8 13/24p ordinary	CFD	Long	7627	2.649934 GBP
8 13/24p ordinary	CFD	Long	3580	2.633362 GBP
8 13/24p ordinary	CFD	Long	6019	2.632942 GBP
8 13/24p ordinary	CFD	Long	3608	2.630971 GBP
8 13/24p ordinary	CFD	Long	2343	2.656119 GBP
8 13/24p ordinary	CFD	Long	2078	2.603219 GBP
8 13/24p ordinary	CFD	Long	3722	2.632748 GBP
8 13/24p ordinary	CFD	Short	102492	2.604 GBP
8 13/24p ordinary	CFD	Short	32929	2.618691 GBP
8 13/24p ordinary	CFD	Short	100000	2.638989 GBP
8 13/24p ordinary	CFD	Short	300000	2.68914 GBP

(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 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

None

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

None

	19 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.