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:	21 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:	204,850	0.050%	123,683	0.030%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	204,850	0.050%	123,683	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	642	2.572
Ordinary Shares	Purchase	1451	2.577
Ordinary Shares	Purchase	4186	2.580
Ordinary Shares	Purchase	4809	2.581
Ordinary Shares	Purchase	7714	2.582
Ordinary Shares	Purchase	610	2.584
Ordinary Shares	Purchase	2000	2.585
Ordinary Shares	Purchase	1237	2.586
Ordinary Shares	Purchase	762	2.587
Ordinary Shares	Purchase	4078	2.588
Ordinary Shares	Purchase	985	2.589
Ordinary Shares	Purchase	16920	2.590
Ordinary Shares	Purchase	4248	2.591
Ordinary Shares	Purchase	6533	2.592
Ordinary Shares	Purchase	12279	2.593
Ordinary Shares	Purchase	9708	2.594
Ordinary Shares	Purchase	5329	2.595
Ordinary Shares	Purchase	6159	2.596
Ordinary Shares	Purchase	2895	2.597
Ordinary Shares	Purchase	1461	2.598
Ordinary Shares	Purchase	161	2.599
Ordinary Shares	Purchase	40491	2.600
Ordinary Shares	Purchase	2408	2.601
Ordinary Shares	Purchase	586	2.602
Ordinary Shares	Purchase	1425	2.603
Ordinary Shares	Purchase	5038	2.604
Ordinary Shares	Purchase	1571	2.605
Ordinary Shares	Purchase	4025	2.606
Ordinary Shares	Purchase	1393	2.607
Ordinary Shares	Purchase	884	2.608
Ordinary Shares	Purchase	10172	2.609
Ordinary Shares	Purchase	28922	2.610
Ordinary Shares	Purchase	694	2.611
Ordinary Shares	Purchase	680	2.612
Ordinary Shares	Sale	866	2.576
Ordinary Shares	Sale	2062	2.577
Ordinary Shares	Sale	212	2.578
Ordinary Shares	Sale	1500	2.579
Ordinary Shares	Sale	1938	2.580
Ordinary Shares	Sale	3261	2.587
Ordinary Shares	Sale	1287	2.588
Ordinary Shares	Sale	1552	2.589
Ordinary Shares	Sale	2725	2.590
Ordinary Shares	Sale	5071	2.591
Ordinary Shares	Sale	1364	2.592
Ordinary Shares	Sale	15485	2.593
Ordinary Shares	Sale	1064	2.595
Ordinary Shares	Sale	34942	2.596
Ordinary Shares	Sale	2428	2.597
Ordinary Shares	Sale	2771	2.598
Ordinary Shares	Sale	183	2.599
Ordinary Shares	Sale	6200	2.600
Ordinary Shares	Sale	83419	2.602
Ordinary Shares	Sale	2173	2.603
Ordinary Shares	Sale	1385	2.604
Ordinary Shares	Sale	3804	2.606
Ordinary Shares	Sale	4643	2.607
Ordinary Shares	Sale	2474	2.608
Ordinary Shares	Sale	7063	2.609
Ordinary Shares	Sale	1027	2.610
Ordinary Shares	Sale	366	2.613

TOTAL BUY - 192,456

TOTAL SELL - 191,265

(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?

	22 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.