Form 8.5 Mitchells & Butlers Plc

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:	Nomura International Plc
	Mitchells & Butlers Plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Mitchells & Butlers Plc
(d) Date position held/dealing undertaken:	28 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:	8 13/24p ordinary shares
	Interests	Short positions
Number	%	Number	%
(1) Relevant securities owned and/or controlled:	200,115	0.049%	119,734	0.029%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	200,115	0.049%	119,734	0.029%

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
Ordinary Shares	Purchase	745	2.416
Ordinary Shares	Purchase	1,986	2.418
Ordinary Shares	Purchase	11,389	2.420
Ordinary Shares	Purchase	2,032	2.421
Ordinary Shares	Purchase	1,966	2.422
Ordinary Shares	Purchase	1,416	2.423
Ordinary Shares	Purchase	4,431	2.424
Ordinary Shares	Purchase	2,698	2.425
Ordinary Shares	Purchase	4,865	2.426
Ordinary Shares	Purchase	23	2.427
Ordinary Shares	Purchase	2,921	2.428
Ordinary Shares	Purchase	5,692	2.429
Ordinary Shares	Purchase	10,719	2.430
Ordinary Shares	Purchase	5,472	2.431
Ordinary Shares	Purchase	2,151	2.432
Ordinary Shares	Purchase	4,646	2.438
Ordinary Shares	Purchase	3,902	2.439
Ordinary Shares	Purchase	65,813	2.440
Ordinary Shares	Purchase	716	2.442
Ordinary Shares	Purchase	1,045	2.443
Ordinary Shares	Purchase	988	2.444
Ordinary Shares	Purchase	3,093	2.446
Ordinary Shares	Purchase	4,696	2.448
Ordinary Shares	Purchase	579	2.449
Ordinary Shares	Purchase	1,338	2.450
Ordinary Shares	Purchase	1,040	2.453
Ordinary Shares	Purchase	2,681	2.454
Ordinary Shares	Purchase	488	2.455
Ordinary Shares	Purchase	679	2.458
Ordinary Shares	Purchase	984	2.459
Ordinary Shares	Purchase	1,040	2.460
Ordinary Shares	Purchase	5,196	2.461
Ordinary Shares	Purchase	1,122	2.461
Ordinary Shares	Purchase	6,418	2.462
Ordinary Shares	Purchase	832	2.465
Ordinary Shares	Purchase	47	2.466
Ordinary Shares	Sale	325	2.417
Ordinary Shares	Sale	7,228	2.420
Ordinary Shares	Sale	1,802	2.420
Ordinary Shares	Sale	811	2.421
Ordinary Shares	Sale	2,153	2.422
Ordinary Shares	Sale	8,798	2.423
Ordinary Shares	Sale	3,550	2.424
Ordinary Shares	Sale	424	2.425
Ordinary Shares	Sale	534	2.426
Ordinary Shares	Sale	1,280	2.427
Ordinary Shares	Sale	4,999	2.429
Ordinary Shares	Sale	6,832	2.430
Ordinary Shares	Sale	2,474	2.431
Ordinary Shares	Sale	380	2.432
Ordinary Shares	Sale	1,188	2.435
Ordinary Shares	Sale	374	2.436
Ordinary Shares	Sale	69,154	2.439
Ordinary Shares	Sale	1,997	2.440
Ordinary Shares	Sale	372	2.443
Ordinary Shares	Sale	1,322	2.444
Ordinary Shares	Sale	4,194	2.445
Ordinary Shares	Sale	355	2.446
Ordinary Shares	Sale	1,986	2.448
Ordinary Shares	Sale	2,296	2.449
Ordinary Shares	Sale	3,655	2.450
Ordinary Shares	Sale	2,171	2.453
Ordinary Shares	Sale	2,416	2.458
Ordinary Shares	Sale	2,879	2.459
Ordinary Shares	Sale	2,616	2.460
Ordinary Shares	Sale	1,299	2.461
Ordinary Shares	Sale	2,412	2.462
Ordinary Shares	Sale	942	2.463
Ordinary Shares	Sale	3,812	2.466

TOTAL BUY - 165,849

TOTAL SELL - 147,030

(b) Derivatives transactions (other than options)

Class of relevant security			Number of reference securities	Price per unit

(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 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

None

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

None

Is a Supplemental Form 8 (Open Positions) attached?

	29 September 2011
	Kyere Tabiri
	020 7102 1267

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.