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:	20 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:	201,982	0.049%	122,006	0.030%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	201,982	0.049%	122,006	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	494	2.536
Ordinary Shares	Purchase	39	2.539
Ordinary Shares	Purchase	1,785	2.541
Ordinary Shares	Purchase	998	2.542
Ordinary Shares	Purchase	760	2.547
Ordinary Shares	Purchase	196	2.548
Ordinary Shares	Purchase	631	2.550
Ordinary Shares	Purchase	5,179	2.552
Ordinary Shares	Purchase	218	2.553
Ordinary Shares	Purchase	1,972	2.555
Ordinary Shares	Purchase	1,123	2.557
Ordinary Shares	Purchase	11,122	2.558
Ordinary Shares	Purchase	2,548	2.559
Ordinary Shares	Purchase	5,514	2.560
Ordinary Shares	Purchase	4,406	2.561
Ordinary Shares	Purchase	1,114	2.562
Ordinary Shares	Purchase	2,849	2.563
Ordinary Shares	Purchase	3,828	2.564
Ordinary Shares	Purchase	2,204	2.565
Ordinary Shares	Purchase	3,762	2.565
Ordinary Shares	Purchase	2,704	2.566
Ordinary Shares	Purchase	375	2.567
Ordinary Shares	Purchase	92	2.568
Ordinary Shares	Purchase	5,481	2.569
Ordinary Shares	Purchase	211	2.570
Ordinary Shares	Purchase	2,762	2.571
Ordinary Shares	Purchase	1,197	2.572
Ordinary Shares	Purchase	3,500	2.573
Ordinary Shares	Purchase	1,925	2.574
Ordinary Shares	Purchase	2,247	2.575
Ordinary Shares	Purchase	205	2.576
Ordinary Shares	Purchase	6,531	2.577
Ordinary Shares	Purchase	257	2.580
Ordinary Shares	Purchase	281	2.581
Ordinary Shares	Purchase	610	2.582
Ordinary Shares	Purchase	1,716	2.583
Ordinary Shares	Purchase	6,599	2.584
Ordinary Shares	Purchase	5,731	2.585
Ordinary Shares	Purchase	2,888	2.586
Ordinary Shares	Purchase	7,418	2.587
Ordinary Shares	Purchase	336	2.588
Ordinary Shares	Purchase	2,351	2.589
Ordinary Shares	Purchase	6,445	2.590
Ordinary Shares	Purchase	1,608	2.591
Ordinary Shares	Purchase	2,972	2.592
Ordinary Shares	Purchase	1,279	2.593
Ordinary Shares	Sale	336	2.535
Ordinary Shares	Sale	4,747	2.550
Ordinary Shares	Sale	2,114	2.552
Ordinary Shares	Sale	323	2.553
Ordinary Shares	Sale	5,147	2.557
Ordinary Shares	Sale	3,147	2.558
Ordinary Shares	Sale	1,786	2.561
Ordinary Shares	Sale	2,895	2.563
Ordinary Shares	Sale	957	2.564
Ordinary Shares	Sale	7,145	2.565
Ordinary Shares	Sale	327	2.566
Ordinary Shares	Sale	50	2.568
Ordinary Shares	Sale	1,124	2.569
Ordinary Shares	Sale	765	2.570
Ordinary Shares	Sale	1,039	2.571
Ordinary Shares	Sale	2,151	2.572
Ordinary Shares	Sale	2,825	2.573
Ordinary Shares	Sale	1,840	2.574
Ordinary Shares	Sale	6,874	2.576
Ordinary Shares	Sale	1,445	2.576
Ordinary Shares	Sale	7,682	2.577
Ordinary Shares	Sale	548	2.579
Ordinary Shares	Sale	1,883	2.582
Ordinary Shares	Sale	2,586	2.583
Ordinary Shares	Sale	1,831	2.584
Ordinary Shares	Sale	4,111	2.585
Ordinary Shares	Sale	1,645	2.586
Ordinary Shares	Sale	2,253	2.587
Ordinary Shares	Sale	854	2.588
Ordinary Shares	Sale	1,481	2.589
Ordinary Shares	Sale	4,405	2.590
Ordinary Shares	Sale	5,530	2.591

(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?

	21 September 2011
	Kyere Tabiri
	020 7102 1267

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.