RNS Number : 3874O
UBS AG (EPT)
16 September 2011

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Name of exempt principal trader:

UBS AG London Branch

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Mitchells and Butlers Plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Mitchells and Butlers Plc

(d) Date position held/dealing undertaken:

15 September 2011

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

NO

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:


Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0.00%

14743

0.00%

(2) Derivatives (other than options):

0

0.00%

0

0.00%

(3) Options and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

0

0.00%

14743

0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:


Details, including nature of the rights concerned and relevant percentages:


If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

8 13/24p ordinary

Buy

2780

2.66500 GBP

8 13/24p ordinary

Buy

1809

2.66700 GBP

8 13/24p ordinary

Buy

1180

2.67000 GBP

8 13/24p ordinary

Buy

23653

2.67100 GBP

8 13/24p ordinary

Buy

1938

2.67200 GBP

8 13/24p ordinary

Buy

2352

2.67300 GBP

8 13/24p ordinary

Buy

1638

2.67500 GBP

8 13/24p ordinary

Buy

353

2.67600 GBP

8 13/24p ordinary

Buy

1490

2.67700 GBP

8 13/24p ordinary

Buy

980

2.67800 GBP

8 13/24p ordinary

Buy

914

2.67900 GBP

8 13/24p ordinary

Buy

13755

2.68000 GBP

8 13/24p ordinary

Buy

3813

2.68100 GBP

8 13/24p ordinary

Buy

5139

2.68200 GBP

8 13/24p ordinary

Buy

3263

2.68300 GBP

8 13/24p ordinary

Buy

638

2.68500 GBP

8 13/24p ordinary

Buy

1569

2.68600 GBP

8 13/24p ordinary

Buy

3778

2.68700 GBP

8 13/24p ordinary

Buy

894

2.68800 GBP

8 13/24p ordinary

Buy

2574

2.68900 GBP

8 13/24p ordinary

Buy

9570

2.69000 GBP

8 13/24p ordinary

Buy

2535

2.69100 GBP

8 13/24p ordinary

Buy

3177

2.69200 GBP

8 13/24p ordinary

Buy

1336

2.69300 GBP

8 13/24p ordinary

Buy

595

2.69400 GBP

8 13/24p ordinary

Buy

3046

2.69500 GBP

8 13/24p ordinary

Buy

1022

2.69800 GBP

8 13/24p ordinary

Buy

1587

2.69900 GBP

8 13/24p ordinary

Buy

2737

2.70100 GBP

8 13/24p ordinary

Buy

310

2.70300 GBP

8 13/24p ordinary

Buy

528

2.70500 GBP

8 13/24p ordinary

Buy

1546

2.70600 GBP

8 13/24p ordinary

Buy

1901

2.70900 GBP

8 13/24p ordinary

Buy

788

2.71100 GBP

8 13/24p ordinary

Buy

1153

2.71400 GBP

8 13/24p ordinary

Buy

609

2.71800 GBP

8 13/24p ordinary

Sell

1394

2.64900 GBP

8 13/24p ordinary

Sell

1490

2.66800 GBP

8 13/24p ordinary

Sell

1770

2.66900 GBP

8 13/24p ordinary

Sell

4109

2.67000 GBP

8 13/24p ordinary

Sell

980

2.67100 GBP

8 13/24p ordinary

Sell

876

2.67300 GBP

8 13/24p ordinary

Sell

1697

2.67400 GBP

8 13/24p ordinary

Sell

365

2.67500 GBP

8 13/24p ordinary

Sell

3086

2.67600 GBP

8 13/24p ordinary

Sell

839

2.67700 GBP

8 13/24p ordinary

Sell

3079

2.67800 GBP

8 13/24p ordinary

Sell

1683

2.67900 GBP

8 13/24p ordinary

Sell

12848

2.68000 GBP

8 13/24p ordinary

Sell

2871

2.68100 GBP

8 13/24p ordinary

Sell

3645

2.68200 GBP

8 13/24p ordinary

Sell

3520

2.68300 GBP

8 13/24p ordinary

Sell

3892

2.68400 GBP

8 13/24p ordinary

Sell

2616

2.68600 GBP

8 13/24p ordinary

Sell

2716

2.68700 GBP

8 13/24p ordinary

Sell

3704

2.68800 GBP

8 13/24p ordinary

Sell

2376

2.68900 GBP

8 13/24p ordinary

Sell

3030

2.69000 GBP

8 13/24p ordinary

Sell

2419

2.69200 GBP

8 13/24p ordinary

Sell

2808

2.69300 GBP

8 13/24p ordinary

Sell

1308

2.69400 GBP

8 13/24p ordinary

Sell

5028

2.69500 GBP

8 13/24p ordinary

Sell

2097

2.69600 GBP

8 13/24p ordinary

Sell

821

2.69700 GBP

8 13/24p ordinary

Sell

260

2.69900 GBP

8 13/24p ordinary

Sell

8035

2.70000 GBP

8 13/24p ordinary

Sell

1814

2.70200 GBP

8 13/24p ordinary

Sell

637

2.70300 GBP

8 13/24p ordinary

Sell

2108

2.70500 GBP

8 13/24p ordinary

Sell

607

2.70600 GBP

8 13/24p ordinary

Sell

7872

2.70700 GBP

8 13/24p ordinary

Sell

1546

2.70800 GBP

8 13/24p ordinary

Sell

3447

2.71000 GBP

8 13/24p ordinary

Sell

2565

2.71200 GBP

8 13/24p ordinary

Sell

1153

2.71500 GBP

8 13/24p ordinary

Sell

1042

2.71900 GBP

8 13/24p ordinary

Sell

4372

2.72000 GBP


TOTAL BUY :

106950



TOTAL SALE :

112525


(b) Derivatives transactions (other than options)

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit





(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit









(ii) Exercising

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit




(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)




The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state "none"

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

16 September 2011

Contact name:

Gemma Crewdson

Telephone number:

+44 (0)20 7568 1245

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.


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