Punch Taverns PLC 26 November 2007 Punch Taverns plc Re: Mitchells & Butlers plc Punch Taverns plc ("Punch") notes the current speculation regarding Punch and Mitchells & Butlers plc ("Mitchells & Butlers"). Punch confirms that it is not in discussions with Mitchells & Butlers or any Mitchells & Butlers shareholder regarding any offer or merger. 26 November 2007 Enquiries: College Hill Tel: 020 7457 2020 Justine Warren Matthew Smallwood This information is provided by RNS The company news service from the London Stock Exchange