Morgan Stanley Securities Limited 07 March 2008 AMENDMENT TO ANNOUNCEMENT 5470P RELEASED AT 14:59 ON 06 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 05 March 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 213,997 4.5275 4.4000 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 347,553 4.5275 4.3950 (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 712 4.4643 CFD LONG 2,185 4.4679 CFD SHORT 3,966 4.4643 CFD SHORT 782 4.5275 CFD LONG 21,700 4.4502 CFD LONG 173,000 4.4558 CFD LONG 1,596 5.8538 CFD SHORT 14,065 4.4296 CFD SHORT 4,000 4.4524 CFD SHORT 179 4.4819 CFD SHORT 7,635 4.5104 CFD SHORT 1,266 4.5132 CFD SHORT 2,534 4.4463 CFD SHORT 35,398 4.4463 (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 price American, date paid/received per e.g. call option varying etc. relates (Note 5) European etc. 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 07 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 This information is provided by RNS The company news service from the London Stock Exchange