Morgan Stanley Securities Limited 08 April 2008 AMENDMENT TO ANNOUNCEMENT 7687R RELEASED AT 12:31 ON 07 APRIL 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 04 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 256,645 4.5000 4.3325 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 376,549 4.4600 4.3435 (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 418,784 4.3525 CFD LONG 22,914 4.3525 CFD LONG 3,011 4.3525 CFD LONG 10,752 4.3779 CFD LONG 245,000 4.3435 CFD LONG 545 4.4059 CFD LONG 5,234 4.4059 CFD LONG 3,554 4.4059 CFD LONG 1,818 4.4059 CFD LONG 3,699 4.4059 CFD LONG 27,822 4.4060 CFD LONG 52,500 4.4072 CFD SHORT 27,822 4.3841 CFD SHORT 18,284 4.3914 CFD SHORT 101,352 4.3941 CFD SHORT 4,004 4.3941 CFD SHORT 27,198 4.3941 CFD SHORT 63,620 4.4166 CFD SHORT 4,000 4.4309 CFD SHORT 8,000 4.4716 CFD SHORT 680 4.3560 (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 08 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