FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the Code)

1. KEY INFORMATION

(a) Name of exempt principal trader:
UBSAGLondonBranch
MitchellsandButlersPlc
(c) Name of the party to the offer with which exempt principal trader is connected:
MitchellsandButlersPlc
(d) Date dealing undertaken:
22 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. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant security
Purchases/ sales
Total number of securities
Highest price per unit paid/received
Lowest price per unit paid/received
8 13/24p ordinary
Buy
1338053
2.6071 GBP
8 13/24p ordinary
Sell
148241
2.597402 GBP

(b) Derivatives transactions (other than options)

Class of relevant security
Number of reference securities
Price per unit
8 13/24p ordinary
CFD
Long
6663
2.504886 GBP
8 13/24p ordinary
CFD
Short
2955
2.486619 GBP
8 13/24p ordinary
CFD
Short
1581
2.500545 GBP
8 13/24p ordinary
CFD
Short
3246
2.500559 GBP
8 13/24p ordinary
CFD
Short
752751
2.6071 GBP
8 13/24p ordinary
CFD
Short
100000
2.5266 GBP
8 13/24p ordinary
CFD
Short
159773
2.506423 GBP
8 13/24p ordinary
CFD
Short
200000
2.513145 GBP

(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
Expiry date
Option money paid/ received per unit

(ii) Exercising

Class of relevant security
Number of securities
Exercise price per unit

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

Class of relevant security
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 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

3. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

None

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

None
23 September 2011
Gemma Crewdson
+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 [email protected]. 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.