Morgan Stanley Securities Limited 15 April 2008 AMENDMENT TO ANNOUNCEMENT 2765S RELEASED AT 13:12 ON 14 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 10 April 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 502,488 3.3875 3.1975 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 215,024 3.3875 3.1925 (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 304,304 3.3475 CFD SHORT 215 3.2782 CFD SHORT 78,237 3.2843 CFD LONG 33,062 3.2812 CFD LONG 2,395 3.3471 CFD LONG 119,200 6.4276 USD CFD SHORT 2,500 3.2255 CFD SHORT 49,571 3.2267 CFD SHORT 8,542 3.2336 CFD SHORT 66,458 3.2336 CFD SHORT 5,000 3.2423 CFD SHORT 33,062 3.2734 CFD SHORT 28,842 3.2741 CFD SHORT 96,400 3.3287 CFD SHORT 20,500 3.3287 CFD SHORT 51,145 3.3479 CFD LONG 119,200 6.4224 USD (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 15 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 www.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange