RNS Number : 0976P
UBS AG (EPT)
28 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:

27 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:

4930

0.00%

4980

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:

4930

0.00%

4980

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

1235

2.45700 GBP

8 13/24p ordinary

Buy

3402

2.46200 GBP

8 13/24p ordinary

Buy

533

2.46300 GBP

8 13/24p ordinary

Buy

3343

2.46400 GBP

8 13/24p ordinary

Buy

9878

2.46500 GBP

8 13/24p ordinary

Buy

5243

2.46600 GBP

8 13/24p ordinary

Buy

546

2.46700 GBP

8 13/24p ordinary

Buy

829

2.46800 GBP

8 13/24p ordinary

Buy

4004

2.46900 GBP

8 13/24p ordinary

Buy

9394

2.47000 GBP

8 13/24p ordinary

Buy

1026

2.47200 GBP

8 13/24p ordinary

Buy

2298

2.47400 GBP

8 13/24p ordinary

Buy

318

2.47500 GBP

8 13/24p ordinary

Buy

2131

2.47600 GBP

8 13/24p ordinary

Buy

4348

2.47700 GBP

8 13/24p ordinary

Buy

3398

2.47800 GBP

8 13/24p ordinary

Buy

238

2.48400 GBP

8 13/24p ordinary

Buy

5721

2.48600 GBP

8 13/24p ordinary

Buy

512

2.48900 GBP

8 13/24p ordinary

Buy

2870

2.49000 GBP

8 13/24p ordinary

Buy

2569

2.49400 GBP

8 13/24p ordinary

Buy

941

2.49500 GBP

8 13/24p ordinary

Buy

479

2.49700 GBP

8 13/24p ordinary

Buy

4337

2.50000 GBP

8 13/24p ordinary

Buy

3540

2.50100 GBP

8 13/24p ordinary

Buy

1256

2.50300 GBP

8 13/24p ordinary

Buy

1034

2.51000 GBP

8 13/24p ordinary

Buy

282

2.51100 GBP

8 13/24p ordinary

Buy

119

2.51200 GBP

8 13/24p ordinary

Buy

475

2.51400 GBP

8 13/24p ordinary

Buy

644

2.51800 GBP

8 13/24p ordinary

Buy

671

2.51900 GBP

8 13/24p ordinary

Buy

3748

2.52800 GBP

8 13/24p ordinary

Buy

2191

2.53000 GBP

8 13/24p ordinary

Buy

1877

2.53300 GBP

8 13/24p ordinary

Buy

1314

2.53500 GBP

8 13/24p ordinary

Buy

1492

2.53600 GBP

8 13/24p ordinary

Buy

666

2.54300 GBP

8 13/24p ordinary

Buy

1089

2.54500 GBP

8 13/24p ordinary

Buy

610

2.54600 GBP

8 13/24p ordinary

Buy

2285

2.54700 GBP

8 13/24p ordinary

Buy

1586

2.55200 GBP

8 13/24p ordinary

Sell

10817

2.46000 GBP

8 13/24p ordinary

Sell

4501

2.46100 GBP

8 13/24p ordinary

Sell

1993

2.46300 GBP

8 13/24p ordinary

Sell

3910

2.46400 GBP

8 13/24p ordinary

Sell

7802

2.46500 GBP

8 13/24p ordinary

Sell

3423

2.46600 GBP

8 13/24p ordinary

Sell

95

2.46900 GBP

8 13/24p ordinary

Sell

4554

2.47000 GBP

8 13/24p ordinary

Sell

1480

2.47200 GBP

8 13/24p ordinary

Sell

4106

2.47400 GBP

8 13/24p ordinary

Sell

2689

2.47500 GBP

8 13/24p ordinary

Sell

811

2.47600 GBP

8 13/24p ordinary

Sell

2129

2.47700 GBP

8 13/24p ordinary

Sell

112

2.47800 GBP

8 13/24p ordinary

Sell

5558

2.48200 GBP

8 13/24p ordinary

Sell

180

2.48300 GBP

8 13/24p ordinary

Sell

930

2.48600 GBP

8 13/24p ordinary

Sell

1348

2.49000 GBP

8 13/24p ordinary

Sell

646

2.49300 GBP

8 13/24p ordinary

Sell

3016

2.49500 GBP

8 13/24p ordinary

Sell

941

2.49600 GBP

8 13/24p ordinary

Sell

713

2.49800 GBP

8 13/24p ordinary

Sell

2646

2.50000 GBP

8 13/24p ordinary

Sell

2756

2.50200 GBP

8 13/24p ordinary

Sell

512

2.50300 GBP

8 13/24p ordinary

Sell

1097

2.50500 GBP

8 13/24p ordinary

Sell

1156

2.50600 GBP

8 13/24p ordinary

Sell

890

2.51500 GBP

8 13/24p ordinary

Sell

1847

2.53400 GBP

8 13/24p ordinary

Sell

1777

2.53500 GBP

8 13/24p ordinary

Sell

1492

2.53600 GBP

8 13/24p ordinary

Sell

1492

2.53900 GBP

8 13/24p ordinary

Sell

980

2.54000 GBP

8 13/24p ordinary

Sell

1100

2.54300 GBP

8 13/24p ordinary

Sell

1157

2.54400 GBP

8 13/24p ordinary

Sell

2853

2.54700 GBP

8 13/24p ordinary

Sell

4171

2.55000 GBP

8 13/24p ordinary

Sell

1587

2.55300 GBP


TOTAL BUY :

94472



TOTAL SALE :

89267


(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:

28 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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