Form 8.5 (EPT/NON-RI)

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:	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 position held/dealing undertaken:	13 October 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:
	Interests	Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	4996	0.00%	0	0.00%
(2) Derivatives (other than options):	0	0.00%	0	0.00%
(3) Options and agreements to purchase/sell:	0	0.00%	0	0.00%
TOTAL:	4996	0.00%	0	0.00%

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
8 13/24p ordinary	Buy	2072	2.17000 GBP
8 13/24p ordinary	Buy	5211	2.17300 GBP
8 13/24p ordinary	Buy	1440	2.17600 GBP
8 13/24p ordinary	Buy	4952	2.17900 GBP
8 13/24p ordinary	Buy	1546	2.18200 GBP
8 13/24p ordinary	Buy	1140	2.18500 GBP
8 13/24p ordinary	Buy	3160	2.18800 GBP
8 13/24p ordinary	Buy	1910	2.19200 GBP
8 13/24p ordinary	Buy	554	2.19900 GBP
8 13/24p ordinary	Buy	6479	2.20000 GBP
8 13/24p ordinary	Buy	4221	2.20100 GBP
8 13/24p ordinary	Buy	2368	2.20300 GBP
8 13/24p ordinary	Buy	5000	2.21100 GBP
8 13/24p ordinary	Buy	3821	2.21200 GBP
8 13/24p ordinary	Buy	5597	2.21300 GBP
8 13/24p ordinary	Buy	2620	2.21400 GBP
8 13/24p ordinary	Buy	4040	2.21800 GBP
8 13/24p ordinary	Buy	4978	2.21900 GBP
8 13/24p ordinary	Buy	1220	2.22000 GBP
8 13/24p ordinary	Buy	4013	2.22100 GBP
8 13/24p ordinary	Buy	6635	2.22300 GBP
8 13/24p ordinary	Buy	1480	2.22500 GBP
8 13/24p ordinary	Buy	2240	2.22700 GBP
8 13/24p ordinary	Buy	10690	2.22900 GBP
8 13/24p ordinary	Buy	22525	2.23100 GBP
8 13/24p ordinary	Buy	21508	2.23200 GBP
8 13/24p ordinary	Buy	3738	2.23400 GBP
8 13/24p ordinary	Buy	2038	2.23500 GBP
8 13/24p ordinary	Buy	5597	2.23600 GBP
8 13/24p ordinary	Buy	1020	2.23700 GBP
8 13/24p ordinary	Buy	6565	2.23800 GBP
8 13/24p ordinary	Buy	574	2.23900 GBP
8 13/24p ordinary	Buy	3795	2.24000 GBP
8 13/24p ordinary	Buy	2670	2.24100 GBP
8 13/24p ordinary	Buy	1530	2.24200 GBP
8 13/24p ordinary	Buy	1243	2.24900 GBP
8 13/24p ordinary	Buy	397	2.25100 GBP
8 13/24p ordinary	Buy	2508	2.25200 GBP
8 13/24p ordinary	Buy	13493	2.25500 GBP
8 13/24p ordinary	Buy	819	2.25900 GBP
8 13/24p ordinary	Buy	1330	2.26000 GBP
8 13/24p ordinary	Buy	750	2.26800 GBP
8 13/24p ordinary	Buy	736	2.27200 GBP
8 13/24p ordinary	Buy	1150	2.27800 GBP
8 13/24p ordinary	Buy	1810	2.28000 GBP
8 13/24p ordinary	Buy	627	2.28100 GBP
8 13/24p ordinary	Buy	9032	2.28200 GBP
8 13/24p ordinary	Buy	2297	2.28300 GBP
8 13/24p ordinary	Buy	2650	2.28400 GBP
8 13/24p ordinary	Buy	558	2.28500 GBP
8 13/24p ordinary	Buy	730	2.28600 GBP
8 13/24p ordinary	Buy	982	2.28700 GBP
8 13/24p ordinary	Buy	15131	2.28900 GBP
8 13/24p ordinary	Buy	657	2.29300 GBP
8 13/24p ordinary	Buy	1480	2.29800 GBP
8 13/24p ordinary	Buy	8244	2.30000 GBP
8 13/24p ordinary	Buy	4085	2.30100 GBP
8 13/24p ordinary	Buy	657	2.30200 GBP
8 13/24p ordinary	Buy	5061	2.30400 GBP
8 13/24p ordinary	Buy	1450	2.30600 GBP
8 13/24p ordinary	Buy	1423	2.30700 GBP
8 13/24p ordinary	Buy	8914	2.31000 GBP
8 13/24p ordinary	Buy	1300	2.31400 GBP
8 13/24p ordinary	Buy	11146	2.31500 GBP
8 13/24p ordinary	Buy	2280	2.31700 GBP
8 13/24p ordinary	Buy	1852	2.31900 GBP
8 13/24p ordinary	Buy	6767	2.32000 GBP
8 13/24p ordinary	Buy	1474	2.32200 GBP
8 13/24p ordinary	Buy	2720	2.32400 GBP
8 13/24p ordinary	Buy	980	2.32500 GBP
8 13/24p ordinary	Buy	1300	2.32600 GBP
8 13/24p ordinary	Buy	1264	2.32700 GBP
8 13/24p ordinary	Buy	2742	2.33000 GBP
8 13/24p ordinary	Buy	3248	2.33300 GBP
8 13/24p ordinary	Buy	882	2.33500 GBP
8 13/24p ordinary	Buy	1344	2.33900 GBP
8 13/24p ordinary	Buy	2143	2.34000 GBP
8 13/24p ordinary	Buy	1075	2.34100 GBP
8 13/24p ordinary	Buy	3191	2.34200 GBP
8 13/24p ordinary	Buy	1075	2.34300 GBP
8 13/24p ordinary	Buy	2685	2.34800 GBP
8 13/24p ordinary	Buy	3304	2.34900 GBP
8 13/24p ordinary	Buy	3600	2.35000 GBP
8 13/24p ordinary	Buy	2454	2.35100 GBP
8 13/24p ordinary	Buy	2767	2.35200 GBP
8 13/24p ordinary	Buy	3079	2.35300 GBP
8 13/24p ordinary	Buy	710	2.35400 GBP
8 13/24p ordinary	Buy	732	2.35500 GBP
8 13/24p ordinary	Buy	4934	2.36100 GBP
8 13/24p ordinary	Buy	1770	2.36300 GBP
8 13/24p ordinary	Buy	1380	2.36500 GBP
8 13/24p ordinary	Buy	1540	2.36800 GBP
8 13/24p ordinary	Buy	1385	2.37000 GBP
8 13/24p ordinary	Buy	851	2.37200 GBP
8 13/24p ordinary	Buy	4531	2.37400 GBP
8 13/24p ordinary	Buy	1650	2.37700 GBP
8 13/24p ordinary	Buy	1960	2.37900 GBP
8 13/24p ordinary	Buy	1137	2.39600 GBP
8 13/24p ordinary	Buy	312	2.40100 GBP
8 13/24p ordinary	Buy	9297	2.40200 GBP
8 13/24p ordinary	Buy	1777	2.40400 GBP
8 13/24p ordinary	Buy	1130	2.40800 GBP
8 13/24p ordinary	Buy	1449	2.41000 GBP
8 13/24p ordinary	Buy	5701	2.42700 GBP
8 13/24p ordinary	Buy	13724	2.43000 GBP
8 13/24p ordinary	Buy	1920	2.49000 GBP
8 13/24p ordinary	Buy	1270	2.49100 GBP
8 13/24p ordinary	Buy	827	2.49800 GBP
8 13/24p ordinary	Buy	3237	2.50000 GBP
8 13/24p ordinary	Buy	1770	2.51200 GBP
8 13/24p ordinary	Buy	1490	2.51500 GBP
8 13/24p ordinary	Buy	663	2.52900 GBP
8 13/24p ordinary	Sell	1750	2.17600 GBP
8 13/24p ordinary	Sell	1440	2.17900 GBP
8 13/24p ordinary	Sell	1213	2.18100 GBP
8 13/24p ordinary	Sell	1154	2.18200 GBP
8 13/24p ordinary	Sell	1546	2.18500 GBP
8 13/24p ordinary	Sell	2870	2.19900 GBP
8 13/24p ordinary	Sell	8900	2.20000 GBP
8 13/24p ordinary	Sell	7298	2.20300 GBP
8 13/24p ordinary	Sell	5118	2.20400 GBP
8 13/24p ordinary	Sell	3870	2.20600 GBP
8 13/24p ordinary	Sell	670	2.20900 GBP
8 13/24p ordinary	Sell	8974	2.21300 GBP
8 13/24p ordinary	Sell	2620	2.21500 GBP
8 13/24p ordinary	Sell	3241	2.21600 GBP
8 13/24p ordinary	Sell	1670	2.21900 GBP
8 13/24p ordinary	Sell	4978	2.22000 GBP
8 13/24p ordinary	Sell	1050	2.22100 GBP
8 13/24p ordinary	Sell	1470	2.22300 GBP
8 13/24p ordinary	Sell	930	2.22500 GBP
8 13/24p ordinary	Sell	3897	2.22800 GBP
8 13/24p ordinary	Sell	5126	2.23000 GBP
8 13/24p ordinary	Sell	2737	2.23200 GBP
8 13/24p ordinary	Sell	1729	2.23300 GBP
8 13/24p ordinary	Sell	1105	2.23400 GBP
8 13/24p ordinary	Sell	2976	2.23600 GBP
8 13/24p ordinary	Sell	800	2.23700 GBP
8 13/24p ordinary	Sell	4901	2.23800 GBP
8 13/24p ordinary	Sell	1980	2.23900 GBP
8 13/24p ordinary	Sell	7970	2.24000 GBP
8 13/24p ordinary	Sell	2010	2.24100 GBP
8 13/24p ordinary	Sell	1169	2.24300 GBP
8 13/24p ordinary	Sell	17645	2.24900 GBP
8 13/24p ordinary	Sell	98	2.25000 GBP
8 13/24p ordinary	Sell	733	2.25600 GBP
8 13/24p ordinary	Sell	15830	2.26000 GBP
8 13/24p ordinary	Sell	1500	2.26600 GBP
8 13/24p ordinary	Sell	22133	2.27000 GBP
8 13/24p ordinary	Sell	1820	2.28200 GBP
8 13/24p ordinary	Sell	2151	2.28400 GBP
8 13/24p ordinary	Sell	2065	2.28500 GBP
8 13/24p ordinary	Sell	750	2.28600 GBP
8 13/24p ordinary	Sell	982	2.28800 GBP
8 13/24p ordinary	Sell	1630	2.28900 GBP
8 13/24p ordinary	Sell	3272	2.29000 GBP
8 13/24p ordinary	Sell	3406	2.29200 GBP
8 13/24p ordinary	Sell	1250	2.29300 GBP
8 13/24p ordinary	Sell	2510	2.29600 GBP
8 13/24p ordinary	Sell	1429	2.29700 GBP
8 13/24p ordinary	Sell	3640	2.29800 GBP
8 13/24p ordinary	Sell	9592	2.30000 GBP
8 13/24p ordinary	Sell	588	2.30100 GBP
8 13/24p ordinary	Sell	996	2.30200 GBP
8 13/24p ordinary	Sell	1893	2.30600 GBP
8 13/24p ordinary	Sell	730	2.30700 GBP
8 13/24p ordinary	Sell	1140	2.31300 GBP
8 13/24p ordinary	Sell	3620	2.31500 GBP
8 13/24p ordinary	Sell	1430	2.31900 GBP
8 13/24p ordinary	Sell	5896	2.32000 GBP
8 13/24p ordinary	Sell	726	2.32200 GBP
8 13/24p ordinary	Sell	15901	2.32400 GBP
8 13/24p ordinary	Sell	1520	2.32600 GBP
8 13/24p ordinary	Sell	2226	2.32700 GBP
8 13/24p ordinary	Sell	2896	2.32900 GBP
8 13/24p ordinary	Sell	2011	2.33000 GBP
8 13/24p ordinary	Sell	4249	2.33300 GBP
8 13/24p ordinary	Sell	3488	2.33400 GBP
8 13/24p ordinary	Sell	1060	2.33500 GBP
8 13/24p ordinary	Sell	882	2.33600 GBP
8 13/24p ordinary	Sell	12130	2.33900 GBP
8 13/24p ordinary	Sell	5029	2.34000 GBP
8 13/24p ordinary	Sell	4052	2.34300 GBP
8 13/24p ordinary	Sell	8319	2.34900 GBP
8 13/24p ordinary	Sell	8543	2.35000 GBP
8 13/24p ordinary	Sell	29714	2.35100 GBP
8 13/24p ordinary	Sell	2250	2.35200 GBP
8 13/24p ordinary	Sell	5836	2.35300 GBP
8 13/24p ordinary	Sell	2332	2.35400 GBP
8 13/24p ordinary	Sell	950	2.35800 GBP
8 13/24p ordinary	Sell	434	2.35900 GBP
8 13/24p ordinary	Sell	4663	2.36100 GBP
8 13/24p ordinary	Sell	987	2.36300 GBP
8 13/24p ordinary	Sell	3400	2.37300 GBP
8 13/24p ordinary	Sell	3838	2.37400 GBP
8 13/24p ordinary	Sell	670	2.37600 GBP
8 13/24p ordinary	Sell	423	2.37800 GBP
8 13/24p ordinary	Sell	2638	2.37900 GBP
8 13/24p ordinary	Sell	920	2.38200 GBP
8 13/24p ordinary	Sell	1040	2.38400 GBP
8 13/24p ordinary	Sell	748	2.38500 GBP
8 13/24p ordinary	Sell	920	2.38900 GBP
8 13/24p ordinary	Sell	1499	2.39600 GBP
8 13/24p ordinary	Sell	1137	2.40000 GBP
8 13/24p ordinary	Sell	3567	2.40200 GBP
8 13/24p ordinary	Sell	1777	2.40400 GBP
8 13/24p ordinary	Sell	970	2.41000 GBP
8 13/24p ordinary	Sell	1502	2.41100 GBP
8 13/24p ordinary	Sell	789	2.42600 GBP
8 13/24p ordinary	Sell	3490	2.43000 GBP
8 13/24p ordinary	Sell	1721	2.43100 GBP
8 13/24p ordinary	Sell	960	2.44000 GBP
8 13/24p ordinary	Sell	827	2.44900 GBP
8 13/24p ordinary	Sell	827	2.50100 GBP
8 13/24p ordinary	Sell	197	2.50200 GBP
8 13/24p ordinary	Sell	1410	2.50400 GBP
8 13/24p ordinary	Sell	1525	2.50700 GBP
8 13/24p ordinary	Sell	6604	2.51500 GBP
8 13/24p ordinary	Sell	419	2.53000 GBP
	TOTAL BUY :	378980
	TOTAL SALE :	369907

(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?

	14 October 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.