Morgan Stanley Securities Limited 01 April 2008 AMENDMENT TO ANNOUNCEMENT 1475R RELEASED AT 11:14 ON 31 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 28 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 2,277,675 3.4650 3.1325 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 1,707,249 3.4475 3.1700 (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 8,599 3.3141 CFD LONG 105,872 3.3464 CFD LONG 10,844 3.3643 CFD LONG 12,000 3.4066 CFD LONG 42,506 3.4250 CFD SHORT 8,000 3.1704 CFD SHORT 10,844 3.1881 CFD SHORT 3,182 3.1890 CFD SHORT 2,015 3.1890 CFD SHORT 428 3.1890 CFD SHORT 3,184 3.1890 CFD SHORT 1,829 3.1890 CFD SHORT 4,000 3.2537 CFD SHORT 159,600 3.3297 CFD SHORT 220,400 3.3297 CFD SHORT 105,872 3.3547 CFD SHORT 51,929 3.3696 CFD SHORT 17,400 3.4005 CFD SHORT 42,506 3.4250 CFD SHORT 55,493 3.4254 CFD LONG 14,016 3.3054 CFD SHORT 2,916 3.4250 CFD SHORT 8,525 3.4250 CFD SHORT 12,520 3.3999 CFD SHORT 3,620 3.3999 (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 01 April 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