Form 8.5 Mitchells & Bulters 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:	12 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:	205,104	0.050%	129,204	0.032%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	205,104	0.050%	129,204	0.032%

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	5,163	2.505
Ordinary Shares	Purchase	434	2.506
Ordinary Shares	Purchase	437	2.512
Ordinary Shares	Purchase	3,041	2.518
Ordinary Shares	Purchase	14,479	2.525
Ordinary Shares	Purchase	700	2.526
Ordinary Shares	Purchase	5,514	2.528
Ordinary Shares	Purchase	923	2.529
Ordinary Shares	Purchase	5,893	2.531
Ordinary Shares	Purchase	3,183	2.532
Ordinary Shares	Purchase	1,700	2.533
Ordinary Shares	Purchase	2,662	2.534
Ordinary Shares	Purchase	1,408	2.535
Ordinary Shares	Purchase	1,274	2.537
Ordinary Shares	Purchase	13,675	2.539
Ordinary Shares	Purchase	1,593	2.541
Ordinary Shares	Purchase	1,712	2.542
Ordinary Shares	Purchase	1,426	2.543
Ordinary Shares	Purchase	900	2.544
Ordinary Shares	Purchase	243	2.545
Ordinary Shares	Purchase	5,697	2.546
Ordinary Shares	Purchase	7,050	2.550
Ordinary Shares	Purchase	4,949	2.551
Ordinary Shares	Purchase	1,265	2.554
Ordinary Shares	Purchase	5,693	2.555
Ordinary Shares	Purchase	8,535	2.558
Ordinary Shares	Purchase	1,271	2.560
Ordinary Shares	Purchase	9,109	2.561
Ordinary Shares	Purchase	4,259	2.562
Ordinary Shares	Purchase	1,271	2.563
Ordinary Shares	Purchase	12,320	2.564
Ordinary Shares	Purchase	1,650	2.566
Ordinary Shares	Purchase	1,274	2.567
Ordinary Shares	Purchase	400	2.568
Ordinary Shares	Purchase	2,542	2.569
Ordinary Shares	Purchase	339	2.571
Ordinary Shares	Purchase	2,409	2.572
Ordinary Shares	Purchase	858	2.573
Ordinary Shares	Purchase	696	2.575
Ordinary Shares	Purchase	1,871	2.577
Ordinary Shares	Sale	2,211	2.505
Ordinary Shares	Sale	2,798	2.506
Ordinary Shares	Sale	703	2.522
Ordinary Shares	Sale	175	2.523
Ordinary Shares	Sale	17,503	2.525
Ordinary Shares	Sale	1,344	2.526
Ordinary Shares	Sale	3,569	2.530
Ordinary Shares	Sale	589	2.532
Ordinary Shares	Sale	1,589	2.533
Ordinary Shares	Sale	391	2.534
Ordinary Shares	Sale	328	2.539
Ordinary Shares	Sale	1,110	2.541
Ordinary Shares	Sale	7,736	2.542
Ordinary Shares	Sale	201	2.543
Ordinary Shares	Sale	1,167	2.544
Ordinary Shares	Sale	391	2.546
Ordinary Shares	Sale	1,717	2.547
Ordinary Shares	Sale	11,873	2.548
Ordinary Shares	Sale	1,277	2.549
Ordinary Shares	Sale	34,796	2.550
Ordinary Shares	Sale	1,401	2.551
Ordinary Shares	Sale	897	2.553
Ordinary Shares	Sale	1,329	2.554
Ordinary Shares	Sale	2,146	2.555
Ordinary Shares	Sale	4,997	2.556
Ordinary Shares	Sale	439	2.557
Ordinary Shares	Sale	251	2.558
Ordinary Shares	Sale	632	2.559
Ordinary Shares	Sale	1,528	2.560
Ordinary Shares	Sale	7,009	2.561
Ordinary Shares	Sale	2,270	2.562
Ordinary Shares	Sale	1,317	2.563
Ordinary Shares	Sale	766	2.566
Ordinary Shares	Sale	1,215	2.568
Ordinary Shares	Sale	2,787	2.569
Ordinary Shares	Sale	7,883	2.570
Ordinary Shares	Sale	261	2.574
Ordinary Shares	Sale	1,912	2.575

TOTAL BUY - 139,818

TOTAL SELL - 130,508

(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?

	13 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.