Morgan Stanley Securities Limited 06 March 2008 AMENDMENT TO ANNOUNCEMENT 4466P RELEASED AT 14:48 ON 05 MARCH 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 29 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 1,428,935 4.5900 4.4350 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 330,467 4.6050 4.4250 (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 22,486 4.4604 CFD SHORT 5,678 4.4550 CFD SHORT 170 4.4550 CFD LONG 56,853 4.4854 CFD LONG 2,357 4.5347 CFD LONG 7,318 4.5576 CFD LONG 23,445 4.5576 CFD SHORT 56,853 4.4777 CFD SHORT 8,045 4.4793 CFD SHORT 295,679 4.4793 CFD SHORT 78,155 4.4793 CFD SHORT 34,964 4.4831 CFD SHORT 925,270 4.4987 CFD SHORT 2,500 4.5050 CFD SHORT 2,357 4.5408 CFD SHORT 2,000 4.5840 CFD SHORT 7,275 4.4813 CFD LONG 81,531 4.4963 CFD LONG 128,469 4.4652 (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 March 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