GoldmanSachs International 04 March 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 03 March 2008 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) Lowest price paid (Note 3) 3250154 4.46 GBP 4.3825 GBP Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 579776 4.46 GBP 4.36 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 Short 200 4.4081 GBP SWAP Short 20 4.417 GBP SWAP Short 1010 4.417 GBP SWAP Short 5640 4.417 GBP CFD Long 14000 4.40 GBP CFD Long 1000 4.40 GBP CFD Long 22668 4.455 GBP CFD Long 15140 4.4238 GBP CFD Long 7164 4.455 GBP CFD Long 5499900 4.42 GBP CFD Short 2000 4.4081 GBP CFD Long 72710 4.3994 GBP CFD Long 120000 4.3994 GBP CFD Long 4005 4.3994 GBP CFD Short 29832 4.455 GBP CFD Short 5499900 4.42 GBP CFD Long 185700 4.4061 GBP CFD Long 14300 4.4061 GBP CFD Long 29270 4.4339 GBP CFD Short 25000 4.3939 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 04 March 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