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:	13 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:	191,094	0.047%	122,320	0.030%
(2) Derivatives (other than options):
(3) Options and agreements to purchase/sell:
TOTAL:	191,094	0.047%	122,320	0.030%

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	6,241	2.176
Ordinary Shares	Purchase	2,000	2.182
Ordinary Shares	Purchase	1,232	2.188
Ordinary Shares	Purchase	868	2.196
Ordinary Shares	Purchase	1,903	2.197
Ordinary Shares	Purchase	1,416	2.199
Ordinary Shares	Purchase	1,892	2.2
Ordinary Shares	Purchase	2,328	2.201
Ordinary Shares	Purchase	1,942	2.213
Ordinary Shares	Purchase	2,172	2.219
Ordinary Shares	Purchase	2,035	2.221
Ordinary Shares	Purchase	1,940	2.228
Ordinary Shares	Purchase	1,268	2.229
Ordinary Shares	Purchase	112	2.23
Ordinary Shares	Purchase	2,797	2.231
Ordinary Shares	Purchase	3,079	2.232
Ordinary Shares	Purchase	869	2.235
Ordinary Shares	Purchase	1,270	2.237
Ordinary Shares	Purchase	708	2.24
Ordinary Shares	Purchase	168	2.25
Ordinary Shares	Purchase	520	2.252
Ordinary Shares	Purchase	4,406	2.259
Ordinary Shares	Purchase	31	2.26
Ordinary Shares	Purchase	638	2.272
Ordinary Shares	Purchase	664	2.28
Ordinary Shares	Purchase	1,335	2.282
Ordinary Shares	Purchase	1,370	2.283
Ordinary Shares	Purchase	250	2.289
Ordinary Shares	Purchase	122	2.29
Ordinary Shares	Purchase	17,240	2.3
Ordinary Shares	Purchase	48	2.301
Ordinary Shares	Purchase	12,581	2.31
Ordinary Shares	Purchase	6,700	2.315
Ordinary Shares	Purchase	175	2.318
Ordinary Shares	Purchase	6,440	2.32
Ordinary Shares	Purchase	1,654	2.321
Ordinary Shares	Purchase	4,721	2.324
Ordinary Shares	Purchase	2,267	2.325
Ordinary Shares	Purchase	1,350	2.329
Ordinary Shares	Purchase	3,887	2.348
Ordinary Shares	Purchase	9,434	2.349
Ordinary Shares	Purchase	10,572	2.35
Ordinary Shares	Purchase	9,766	2.351
Ordinary Shares	Purchase	36,152	2.352
Ordinary Shares	Purchase	30,039	2.353
Ordinary Shares	Purchase	2,497	2.354
Ordinary Shares	Purchase	2,571	2.355
Ordinary Shares	Purchase	1,578	2.36
Ordinary Shares	Purchase	963	2.361
Ordinary Shares	Purchase	2,885	2.363
Ordinary Shares	Purchase	1,268	2.365
Ordinary Shares	Purchase	1,268	2.366
Ordinary Shares	Purchase	1,269	2.367
Ordinary Shares	Purchase	449	2.368
Ordinary Shares	Purchase	446	2.369
Ordinary Shares	Purchase	456	2.37
Ordinary Shares	Purchase	6,576	2.373
Ordinary Shares	Purchase	341	2.374
Ordinary Shares	Purchase	299	2.375
Ordinary Shares	Purchase	950	2.376
Ordinary Shares	Purchase	4,692	2.379
Ordinary Shares	Purchase	4,946	2.38
Ordinary Shares	Purchase	4,176	2.386
Ordinary Shares	Purchase	1,816	2.389
Ordinary Shares	Purchase	8,334	2.39
Ordinary Shares	Purchase	1,269	2.394
Ordinary Shares	Purchase	2,536	2.413
Ordinary Shares	Purchase	16,677	2.498
Ordinary Shares	Purchase	3,318	2.5
Ordinary Shares	Purchase	2,002	2.501
Ordinary Shares	Purchase	1,587	2.502
Ordinary Shares	Purchase	1,300	2.504
Ordinary Shares	Purchase	3,434	2.505
Ordinary Shares	Purchase	1,493	2.51
Ordinary Shares	Purchase	2,000	2.519
Ordinary Shares	Purchase	2,526	2.522
Ordinary Shares	Purchase	1,732	2.525
Ordinary Shares	Purchase	1,542	2.533
Ordinary Shares	Purchase	1,200	2.535
Ordinary Shares	Sale	2,137	2.172
Ordinary Shares	Sale	1,000	2.182
Ordinary Shares	Sale	2,138	2.201
Ordinary Shares	Sale	1,000	2.216
Ordinary Shares	Sale	177	2.22
Ordinary Shares	Sale	4,414	2.229
Ordinary Shares	Sale	147	2.23
Ordinary Shares	Sale	2,384	2.232
Ordinary Shares	Sale	3,039	2.233
Ordinary Shares	Sale	3,681	2.234
Ordinary Shares	Sale	3,650	2.237
Ordinary Shares	Sale	1,149	2.239
Ordinary Shares	Sale	26,116	2.24
Ordinary Shares	Sale	500	2.241
Ordinary Shares	Sale	1,538	2.266
Ordinary Shares	Sale	894	2.28
Ordinary Shares	Sale	1	2.284
Ordinary Shares	Sale	354	2.285
Ordinary Shares	Sale	1,637	2.29
Ordinary Shares	Sale	800	2.296
Ordinary Shares	Sale	900	2.298
Ordinary Shares	Sale	15,825	2.3
Ordinary Shares	Sale	1,382	2.301
Ordinary Shares	Sale	460	2.303
Ordinary Shares	Sale	1,862	2.313
Ordinary Shares	Sale	555	2.314
Ordinary Shares	Sale	2,474	2.315
Ordinary Shares	Sale	309	2.317
Ordinary Shares	Sale	2,993	2.318
Ordinary Shares	Sale	14,971	2.32
Ordinary Shares	Sale	3,666	2.324
Ordinary Shares	Sale	4,933	2.325
Ordinary Shares	Sale	1,439	2.327
Ordinary Shares	Sale	276	2.328
Ordinary Shares	Sale	4,048	2.33
Ordinary Shares	Sale	1,177	2.333
Ordinary Shares	Sale	5,269	2.339
Ordinary Shares	Sale	5,350	2.34
Ordinary Shares	Sale	771	2.341
Ordinary Shares	Sale	2,822	2.348
Ordinary Shares	Sale	30,081	2.35
Ordinary Shares	Sale	25,152	2.351
Ordinary Shares	Sale	1,186	2.353
Ordinary Shares	Sale	56,673	2.357
Ordinary Shares	Sale	1,930	2.36
Ordinary Shares	Sale	9,394	2.361
Ordinary Shares	Sale	380	2.365
Ordinary Shares	Sale	600	2.366
Ordinary Shares	Sale	1,100	2.369
Ordinary Shares	Sale	4,164	2.373
Ordinary Shares	Sale	369	2.378
Ordinary Shares	Sale	1,798	2.379
Ordinary Shares	Sale	3,010	2.388
Ordinary Shares	Sale	678	2.389
Ordinary Shares	Sale	3,723	2.393
Ordinary Shares	Sale	4,911	2.394
Ordinary Shares	Sale	237	2.396
Ordinary Shares	Sale	186	2.449
Ordinary Shares	Sale	11,710	2.5
Ordinary Shares	Sale	1,000	2.515
Ordinary Shares	Sale	2,185	2.522
Ordinary Shares	Sale	1,000	2.523
Ordinary Shares	Sale	185	2.524
Ordinary Shares	Sale	634	2.525
Ordinary Shares	Sale	20	2.526
Ordinary Shares	Sale	3,228	2.527
Ordinary Shares	Sale	700	2.528
Ordinary Shares	Sale	1,652	2.533

TOTAL BUY - 288,998

TOTAL SELL - 296,124

(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?

	14 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.