Morgan Stanley Securities Limited 11 March 2008 AMENDMENT TO ANNOUNCEMENT 7176P RELEASED AT 10:41 ON 10 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 07 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 85,338 4.3150 4.2050 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 327,323 4.3250 4.1975 (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 775 4.2549 CFD LONG 145,785 4.2557 CFD LONG 5,351 4.2554 CFD LONG 94,214 4.2638 CFD LONG 42,824 4.2638 CFD LONG 2,512 4.2638 CFD LONG 27,742 4.2648 CFD LONG 905 4.3102 CFD LONG 436 4.3102 CFD LONG 375 4.3102 CFD LONG 812 4.3102 CFD LONG 105 4.3102 CFD LONG 4,781 5.5775 CFD SHORT 33,039 4.2330 CFD SHORT 15,000 4.2468 CFD SHORT 27,742 4.2682 CFD SHORT 3,000 4.2709 CFD SHORT 500 4.2725 CFD SHORT 51 4.3013 CFD SHORT 5,300 4.3133 (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 11 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