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:	03 October 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:	188,816	0.046%	119,704	0.029%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	188,816	0.046%	119,704	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	91	2.287
Ordinary Shares	Purchase	1,158	2.290
Ordinary Shares	Purchase	1,299	2.294
Ordinary Shares	Purchase	58	2.311
Ordinary Shares	Purchase	1,402	2.314
Ordinary Shares	Purchase	1,822	2.315
Ordinary Shares	Purchase	221	2.318
Ordinary Shares	Purchase	5,517	2.336
Ordinary Shares	Purchase	1,987	2.338
Ordinary Shares	Purchase	12,426	2.340
Ordinary Shares	Purchase	3,961	2.341
Ordinary Shares	Purchase	4,488	2.342
Ordinary Shares	Purchase	1,344	2.343
Ordinary Shares	Purchase	7,407	2.345
Ordinary Shares	Purchase	611	2.346
Ordinary Shares	Purchase	24,111	2.347
Ordinary Shares	Purchase	24,837	2.349
Ordinary Shares	Purchase	2,378	2.352
Ordinary Shares	Purchase	8,020	2.354
Ordinary Shares	Purchase	4,229	2.355
Ordinary Shares	Purchase	6,702	2.356
Ordinary Shares	Purchase	7,677	2.358
Ordinary Shares	Purchase	131	2.359
Ordinary Shares	Purchase	1,703	2.360
Ordinary Shares	Purchase	1,700	2.361
Ordinary Shares	Purchase	3,437	2.362
Ordinary Shares	Purchase	2,356	2.363
Ordinary Shares	Purchase	1,817	2.364
Ordinary Shares	Purchase	1,696	2.365
Ordinary Shares	Purchase	4,000	2.368
Ordinary Shares	Sale	1,103	2.278
Ordinary Shares	Sale	4,792	2.290
Ordinary Shares	Sale	1,361	2.294
Ordinary Shares	Sale	424	2.299
Ordinary Shares	Sale	678	2.314
Ordinary Shares	Sale	1,034	2.318
Ordinary Shares	Sale	1,870	2.319
Ordinary Shares	Sale	1,103	2.326
Ordinary Shares	Sale	13,601	2.340
Ordinary Shares	Sale	1,965	2.342
Ordinary Shares	Sale	1,359	2.343
Ordinary Shares	Sale	1,576	2.344
Ordinary Shares	Sale	817	2.345
Ordinary Shares	Sale	3,553	2.346
Ordinary Shares	Sale	10,876	2.347
Ordinary Shares	Sale	24,790	2.349
Ordinary Shares	Sale	953	2.351
Ordinary Shares	Sale	7,575	2.352
Ordinary Shares	Sale	427	2.354
Ordinary Shares	Sale	1,917	2.355
Ordinary Shares	Sale	3,545	2.356
Ordinary Shares	Sale	1,248	2.357
Ordinary Shares	Sale	6,897	2.358
Ordinary Shares	Sale	4,514	2.359
Ordinary Shares	Sale	2,656	2.360
Ordinary Shares	Sale	3,447	2.361
Ordinary Shares	Sale	2,835	2.362
Ordinary Shares	Sale	1,523	2.363
Ordinary Shares	Sale	8,920	2.364
Ordinary Shares	Sale	12,540	2.367
Ordinary Shares	Sale	144	2.368

TOTAL BUY - 138,586

TOTAL SELL - 130,043

(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?

	04 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.