Morgan Stanley Securities Limited 11 March 2008 AMENDMENT TO ANNOUNCEMENT 5500P RELEASED AT 15:13 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 03 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 657,943 4.4675 4.3700 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 75,902 4.4400 4.3800 (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 647 4.4200 CFD SHORT 1,487 4.4150 CFD SHORT 33,593 4.4170 CFD SHORT 1,187 4.4242 CFD SHORT 2,000 4.3929 CFD SHORT 27,473 4.4126 CFD SHORT 1,000 4.4150 CFD SHORT 73,040 4.4170 CFD SHORT 2,440 4.4266 CFD SHORT 104,228 4.4266 CFD SHORT 27,301 4.4266 CFD SHORT 4,591 4.4675 CFD SHORT 220 4.4675 CFD SHORT 526 4.4675 CFD SHORT 3,602 4.4675 CFD SHORT 7,759 4.4550 CFD SHORT 191,762 4.4550 CFD LONG 199,521 4.4550 CFD SHORT 350,000 4.4333 CFD LONG 18,555 4.3749 CFD LONG 31,445 4.3749 (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 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