Morgan Stanley Securities Ld(EPT) 06 February 2008 AMENDMENT TO ANNOUNCEMENT 3400N RELEASED AT 14:24 ON 05 FEBRUARY 2008 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 Morgan Stanley Securities Limited 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) GBP Lowest price paid (Note 3) GBP 1,020,791 4.7650 4.5925 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 1,930,981 4.7725 4.6025 (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) GBP e.g. CFD CFD LONG 4,268 4.6650 CFD SHORT 47,193 4.6936 CFD LONG 4,929 4.6267 CFD LONG 1,128,150 4.6489 CFD LONG 371,850 4.6489 CFD LONG 30,000 4.6580 CFD LONG 74,526 4.6778 CFD LONG 40,000 4.6808 CFD LONG 181,147 4.6860 CFD LONG 3,000 4.6899 CFD LONG 12,272 4.7410 CFD LONG 6,929 4.7541 CFD LONG 7,911 4.7541 CFD LONG 15,772 4.7541 CFD LONG 1,836 4.7541 CFD LONG 10,117 4.7541 CFD SHORT 13,400 4.6481 CFD SHORT 16,142 4.6495 CFD SHORT 25,057 4.6497 CFD SHORT 42,043 4.6497 CFD SHORT 205,440 4.6524 CFD SHORT 436,560 4.6524 CFD SHORT 15,197 4.6569 CFD SHORT 24,564 4.6571 CFD SHORT 75,063 4.6745 CFD SHORT 4,929 4.6763 CFD SHORT 90,000 4.7390 (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American, e.g. call option varying etc. relates (Note 5) price European etc. date paid/received per unit (Note 3) N/A N/A N/A N/A N/A N/A N/A (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A N/A N/A 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. NONE Date of disclosure 06 February 2008 Contact name Zafrhan Fahmy Telephone number 020 7677 1871 Name of offeree/offeror with which connected Punch Tavern 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