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:	04 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:	189,313	0.046%	151,686	0.037%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	189,313	0.046%	151,686	0.037%

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	810	2.289
Ordinary Shares	Purchase	491	2.291
Ordinary Shares	Purchase	1,997	2.293
Ordinary Shares	Purchase	1,989	2.295
Ordinary Shares	Purchase	1,621	2.296
Ordinary Shares	Purchase	3,922	2.297
Ordinary Shares	Purchase	2,672	2.298
Ordinary Shares	Purchase	5,782	2.300
Ordinary Shares	Purchase	2,218	2.302
Ordinary Shares	Purchase	2,960	2.303
Ordinary Shares	Purchase	11,426	2.305
Ordinary Shares	Purchase	5,911	2.306
Ordinary Shares	Purchase	600	2.307
Ordinary Shares	Purchase	6,186	2.308
Ordinary Shares	Purchase	3,820	2.309
Ordinary Shares	Purchase	700	2.310
Ordinary Shares	Purchase	17,165	2.311
Ordinary Shares	Purchase	51,083	2.312
Ordinary Shares	Purchase	9,127	2.313
Ordinary Shares	Purchase	108	2.314
Ordinary Shares	Purchase	1,979	2.315
Ordinary Shares	Purchase	2,497	2.316
Ordinary Shares	Purchase	1,848	2.319
Ordinary Shares	Purchase	631	2.322
Ordinary Shares	Purchase	4,118	2.324
Ordinary Shares	Purchase	600	2.326
Ordinary Shares	Purchase	13,424	2.329
Ordinary Shares	Purchase	137	2.330
Ordinary Shares	Purchase	622	2.331
Ordinary Shares	Purchase	7,208	2.332
Ordinary Shares	Purchase	12,567	2.334
Ordinary Shares	Purchase	545	2.336
Ordinary Shares	Purchase	2,398	2.337
Ordinary Shares	Purchase	2,870	2.338
Ordinary Shares	Purchase	8,159	2.339
Ordinary Shares	Purchase	1,793	2.340
Ordinary Shares	Sale	2,272	2.287
Ordinary Shares	Sale	1,665	2.293
Ordinary Shares	Sale	1,369	2.296
Ordinary Shares	Sale	1,925	2.297
Ordinary Shares	Sale	431	2.298
Ordinary Shares	Sale	9,951	2.299
Ordinary Shares	Sale	19,916	2.300
Ordinary Shares	Sale	1,000	2.301
Ordinary Shares	Sale	3,281	2.302
Ordinary Shares	Sale	673	2.303
Ordinary Shares	Sale	3,704	2.304
Ordinary Shares	Sale	19,117	2.305
Ordinary Shares	Sale	1,488	2.306
Ordinary Shares	Sale	3,776	2.307
Ordinary Shares	Sale	4,111	2.308
Ordinary Shares	Sale	8,251	2.309
Ordinary Shares	Sale	2,407	2.310
Ordinary Shares	Sale	5,107	2.311
Ordinary Shares	Sale	3,122	2.312
Ordinary Shares	Sale	16,283	2.313
Ordinary Shares	Sale	1,151	2.314
Ordinary Shares	Sale	1,881	2.315
Ordinary Shares	Sale	4,090	2.316
Ordinary Shares	Sale	2,536	2.317
Ordinary Shares	Sale	10,409	2.318
Ordinary Shares	Sale	7,417	2.319
Ordinary Shares	Sale	466	2.324
Ordinary Shares	Sale	3,826	2.325
Ordinary Shares	Sale	3,513	2.329
Ordinary Shares	Sale	8,946	2.331
Ordinary Shares	Sale	1,430	2.332
Ordinary Shares	Sale	4,916	2.333
Ordinary Shares	Sale	5,951	2.334
Ordinary Shares	Sale	4,252	2.335
Ordinary Shares	Sale	6,223	2.336
Ordinary Shares	Sale	13,594	2.337
Ordinary Shares	Sale	22,359	2.338
Ordinary Shares	Sale	8,106	2.339
Ordinary Shares	Sale	2,554	2.340

TOTAL BUY - 191,984

TOTAL SELL - 223,469

(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?

	05 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.