GoldmanSachs International 05 February 2008 FORM 38.5(a) DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(a) of the Takeover Code) 1. KEY INFORMATION Name of exempt principal trader (GS) GOLDMAN SACHS INTERNATIONAL Company dealt in MITCHELLS & BUTLERS PLC Class of relevant security to which the Ordinary Shares dealings being disclosed relate (Note 1) Date of dealing 04 February 2008 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) Lowest price paid (Note 3) 2,252,402 4.8225 GBP 4.585 GBP Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 1,169,234 4.8225 GBP 4.585 GBP (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) e.g. CFD CFD Long 200 4.674 GBP CFD Long 200 4.674 GBP CFD Long 4100 4.674 GBP CFD Long 1458 4.674 GBP CFD Long 3000 4.674 GBP CFD Long 9000 4.674 GBP CFD Long 9638 4.674 GBP CFD Long 31000 4.674 GBP CFD Long 42876 4.674 GBP CFD Long 23036 4.674 GBP CFD Long 200 4.7372 GBP CFD Long 105000 4.7372 GBP CFD Long 2300 4.7372 GBP CFD Long 13100 4.7372 GBP CFD Long 6600 4.7372 GBP CFD Long 44700 4.7372 GBP CFD Long 51000 4.674 GBP CFD Long 2000 4.674 GBP CFD Long 4229 4.674 GBP CFD Long 24633 4.674 GBP CFD Long 11000 4.674 GBP CFD Long 500 4.7372 GBP CFD Long 15900 4.7372 GBP CFD Long 21700 4.7372 GBP CFD Long 5000 4.674 GBP CFD Long 98100 4.7343 GBP CFD Long 19400 4.6481 GBP CFD Long 55000 4.7182 GBP CFD Short 55000 4.7642 GBP CFD Long 5173 4.7436 GBP CFD Short 150000 4.6629 GBP CFD Short 145342 4.7743 GBP CFD Short 100000 4.7632 GBP CFD Short 74403 4.722 GBP CFD Short 71208 4.7507 GBP CFD Long 2000 4.674 GBP CFD Long 5400 4.6377 GBP CFD Long 101900 4.7343 GBP CFD Short 200000 4.6982 GBP CFD Long 50000 4.70 GBP CFD Short 519937 4.7181 GBP CFD Long 11400 4.66 GBP (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities to Exercise Type, e.g. Expiry Option money purchasing, which the option relates American, e.g. call varying etc. (Note 5) price European date paid/received per option etc. unit (Note 3) Call Option B 20000 4.20 GBP American 20/03/08 0.7196 GBP Call Option S 10000 4.60 GBP American 20/06/08 0.6878 GBP Call Option B 230000 4.20 GBP American 20/03/08 0.7196 GBP Call Option S 115000 4.60 GBP American 20/06/08 0.6878 GBP (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 3) 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. Date of disclosure 05 February 2008 Contact name Peter Highton Telephone number +44-207-774-1935 Name of offeree/offeror with which connected PUNCH TAVERNS PLC Nature of connection (Note 6) Advisor Notes The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange