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:	30 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:	187,615	0.046%	127,046	0.031%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	187,615	0.046%	127,046	0.031%

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	904	2.332
Ordinary Shares	Purchase	24	2.334
Ordinary Shares	Purchase	1,619	2.335
Ordinary Shares	Purchase	424	2.336
Ordinary Shares	Purchase	8,039	2.337
Ordinary Shares	Purchase	562	2.339
Ordinary Shares	Purchase	346	2.340
Ordinary Shares	Purchase	195	2.343
Ordinary Shares	Purchase	495	2.344
Ordinary Shares	Purchase	8,348	2.345
Ordinary Shares	Purchase	576	2.346
Ordinary Shares	Purchase	1,852	2.347
Ordinary Shares	Purchase	2,024	2.349
Ordinary Shares	Purchase	8,256	2.350
Ordinary Shares	Purchase	587	2.352
Ordinary Shares	Purchase	19,867	2.353
Ordinary Shares	Purchase	3,823	2.354
Ordinary Shares	Purchase	8,165	2.355
Ordinary Shares	Purchase	2,034	2.356
Ordinary Shares	Purchase	2,846	2.357
Ordinary Shares	Purchase	35	2.359
Ordinary Shares	Purchase	42	2.362
Ordinary Shares	Purchase	3	2.365
Ordinary Shares	Purchase	7	2.367
Ordinary Shares	Purchase	908	2.368
Ordinary Shares	Purchase	2,300	2.386
Ordinary Shares	Purchase	339	2.391
Ordinary Shares	Sale	1,216	2.331
Ordinary Shares	Sale	708	2.333
Ordinary Shares	Sale	2,232	2.335
Ordinary Shares	Sale	2,482	2.336
Ordinary Shares	Sale	5,544	2.338
Ordinary Shares	Sale	2,021	2.341
Ordinary Shares	Sale	580	2.343
Ordinary Shares	Sale	1,552	2.344
Ordinary Shares	Sale	2,895	2.345
Ordinary Shares	Sale	5,670	2.346
Ordinary Shares	Sale	1,308	2.347
Ordinary Shares	Sale	1,850	2.348
Ordinary Shares	Sale	2,219	2.349
Ordinary Shares	Sale	4,187	2.350
Ordinary Shares	Sale	1,825	2.352
Ordinary Shares	Sale	100	2.353
Ordinary Shares	Sale	2,227	2.354
Ordinary Shares	Sale	13,039	2.355
Ordinary Shares	Sale	9,068	2.356
Ordinary Shares	Sale	758	2.357
Ordinary Shares	Sale	7,943	2.358
Ordinary Shares	Sale	2,639	2.359
Ordinary Shares	Sale	262	2.361
Ordinary Shares	Sale	297	2.362
Ordinary Shares	Sale	4,378	2.363
Ordinary Shares	Sale	742	2.364
Ordinary Shares	Sale	2,559	2.365
Ordinary Shares	Sale	194	2.366
Ordinary Shares	Sale	7	2.367
Ordinary Shares	Sale	2,395	2.368
Ordinary Shares	Sale	313	2.369
Ordinary Shares	Sale	370	2.372
Ordinary Shares	Sale	193	2.376
Ordinary Shares	Sale	968	2.382
Ordinary Shares	Sale	716	2.383
Ordinary Shares	Sale	7,122	2.384
Ordinary Shares	Sale	936	2.385
Ordinary Shares	Sale	538	2.386
Ordinary Shares	Sale	2,831	2.390
Ordinary Shares	Sale	1,154	2.391
Ordinary Shares	Sale	758	2.394

TOTAL BUY - 74,620

TOTAL SELL - 98,796

(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?

	03 October 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.