GoldmanSachs International 29 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 28 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) 148988 4.60 GBP 4.535 GBP Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 1079624 4.60 GBP 4.535 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 Short 210 4.574 GBP SWAP Short 670 4.574 GBP SWAP Short 6100 4.574 GBP CFD Long 8000 4.5481 GBP CFD Long 54100 4.5481 GBP CFD Long 209300 4.5481 GBP CFD Long 3430 4.5481 GBP CFD Long 560 4.5481 GBP CFD Long 60510 4.5481 GBP CFD Long 77099 4.5793 GBP CFD Long 100000 4.5793 GBP CFD Long 22901 4.5793 GBP CFD Long 182100 4.5481 GBP CFD Long 16700 4.5481 GBP CFD Long 112700 4.5481 GBP CFD Long 45640 4.5481 GBP CFD Long 8470 4.5481 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 29 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