GoldmanSachs International 27 February 2008 Amendment - due to an 'as of' CFD transaction the disclosure made on 26 February 2008 for dealings on 25 February 2008 is being amended. Dealings 2 (b) have been updated. 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 25 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) 2027120 4.35 GBP 4.22 GBP Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 657157 4.3475 GBP 4.2287 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 SWAP Long 2090 4.2524 GBP SWAP Long 7320 4.2954 GBP CFD Long 20000 4.2595 GBP CFD Long 5000 4.2687 GBP CFD Long 11000 4.2446 GBP CFD Long 100000 4.2341 GBP CFD Long 5000 4.2287 GBP CFD Long 5000 4.2287 GBP CFD Long 4000 4.2287 GBP CFD Long 34803 4.2619 GBP CFD Long 200000 4.2619 GBP CFD Long 15197 4.2619 GBP CFD Short 26489 4.2278 GBP CFD Short 40000 4.2863 GBP CFD Short 100000 4.2571 GBP CFD Long 100000 4.248 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) (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 27 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 This information is provided by RNS The company news service from the London Stock Exchange