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:	07 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:	236,214	0.058%	143,221	0.035%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	236,214	0.058%	143,221	0.035%

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	6,987	2.382
Ordinary Shares	Purchase	6,933	2.383
Ordinary Shares	Purchase	8,485	2.387
Ordinary Shares	Purchase	3,636	2.388
Ordinary Shares	Purchase	252	2.390
Ordinary Shares	Purchase	2,341	2.392
Ordinary Shares	Purchase	1,937	2.394
Ordinary Shares	Purchase	2,565	2.396
Ordinary Shares	Purchase	776	2.397
Ordinary Shares	Purchase	8,915	2.398
Ordinary Shares	Purchase	4,608	2.400
Ordinary Shares	Purchase	2,715	2.403
Ordinary Shares	Purchase	400	2.404
Ordinary Shares	Purchase	3,334	2.405
Ordinary Shares	Purchase	1,507	2.406
Ordinary Shares	Purchase	27,750	2.408
Ordinary Shares	Purchase	13,202	2.410
Ordinary Shares	Purchase	976	2.411
Ordinary Shares	Purchase	2,284	2.412
Ordinary Shares	Purchase	544	2.413
Ordinary Shares	Purchase	6,487	2.414
Ordinary Shares	Purchase	5,105	2.415
Ordinary Shares	Purchase	12,214	2.416
Ordinary Shares	Purchase	13,263	2.417
Ordinary Shares	Purchase	11,294	2.418
Ordinary Shares	Purchase	10,768	2.419
Ordinary Shares	Purchase	11,703	2.420
Ordinary Shares	Purchase	2,598	2.421
Ordinary Shares	Purchase	1,256	2.422
Ordinary Shares	Purchase	138	2.423
Ordinary Shares	Purchase	4,382	2.425
Ordinary Shares	Purchase	5,962	2.433
Ordinary Shares	Purchase	1,000	2.434
Ordinary Shares	Sale	1,321	2.381
Ordinary Shares	Sale	1,334	2.382
Ordinary Shares	Sale	1,334	2.383
Ordinary Shares	Sale	2,469	2.384
Ordinary Shares	Sale	3,109	2.386
Ordinary Shares	Sale	3,313	2.390
Ordinary Shares	Sale	5,180	2.391
Ordinary Shares	Sale	3,210	2.392
Ordinary Shares	Sale	1,748	2.393
Ordinary Shares	Sale	3,592	2.394
Ordinary Shares	Sale	35,179	2.397
Ordinary Shares	Sale	6,200	2.398
Ordinary Shares	Sale	2,717	2.399
Ordinary Shares	Sale	1,786	2.400
Ordinary Shares	Sale	1,179	2.401
Ordinary Shares	Sale	923	2.402
Ordinary Shares	Sale	4,257	2.403
Ordinary Shares	Sale	451	2.405
Ordinary Shares	Sale	525	2.407
Ordinary Shares	Sale	3,428	2.409
Ordinary Shares	Sale	6,549	2.410
Ordinary Shares	Sale	1,418	2.411
Ordinary Shares	Sale	1,918	2.412
Ordinary Shares	Sale	2,048	2.413
Ordinary Shares	Sale	3,895	2.414
Ordinary Shares	Sale	10,460	2.415
Ordinary Shares	Sale	10,429	2.416
Ordinary Shares	Sale	8,609	2.417
Ordinary Shares	Sale	10,604	2.418
Ordinary Shares	Sale	9,280	2.419
Ordinary Shares	Sale	14,774	2.420
Ordinary Shares	Sale	420	2.421
Ordinary Shares	Sale	4,074	2.422
Ordinary Shares	Sale	223	2.423
Ordinary Shares	Sale	464	2.430
Ordinary Shares	Sale	3,624	2.433

TOTAL BUY - 186,317

TOTAL SELL - 172,044

(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?

	10 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.