Morgan Stanley Securities Limited 28 February 2008 AMENDMENT TO ANNOUNCEMENT 8520O RELEASED AT 11:32 ON 27 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 26 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 311,535 4.4200 4.3425 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 232,178 4.4200 4.2925 (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 SHORT 307,164 4.3200 CFD SHORT 37,686 4.3790 CFD SHORT 68,269 4.4200 CFD LONG 7,970 4.3399 CFD LONG 31,009 4.3433 CFD LONG 29,290 4.3473 CFD LONG 2,583 4.3662 CFD LONG 26,500 4.3959 CFD LONG 23,500 4.3959 CFD LONG 12,192 4.3994 CFD SHORT 145,000 4.3837 CFD SHORT 12,192 4.3922 CFD SHORT 14,940 4.4024 CFD SHORT 2,583 4.4188 CFD LONG 339,774 4.4200 CFD SHORT 339,774 4.4200 (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 28 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