GoldmanSachs International 07 April 2006 FORM 38.5 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS (Rule 38.5 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION Name of exempt principal trader Goldman Sachs International Company dealt in MITCHELLS & BUTLERS PLC Class of relevant security to which the Ordinary Shares dealings being disclosed relate (Note 1) Date of dealing 06 April 2006 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) Lowest price paid (Note 3) 37,674 4.8347 GBP 4.820 GBP Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 93,000 4.8325 GBP 4.800 GBP (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) e.g. CFD CFD Long 38000 4.8098 GBP CFD Long 1552 4.8183 GBP CFD Long 10948 4.8182 GBP CFD Long 42500 4.8183 GBP CFD Long 18000 4.82 GBP CFD Long 12000 4.8347 GBP (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities to Exercise Type, e.g. Expiry Option money purchasing, which the option relates American, e.g. call varying etc. (Note 5) price European date paid/received per option etc. unit (Note 3) Put Option B 100 4.20 GBP American 16/06/06 0.07 GBP Put Option S 100 4.20 GBP American 16/06/06 0.07 GBP Put Option B 100 4.60 GBP American 16/06/06 0.21 GBP Put Option S 100 4.60 GBP American 16/06/06 0.21 GBP (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 3) 3. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated. Date of disclosure 07 April 2006 Contact name Peter Highton Telephone number +44-207-774-1935 Name of offeree/offeror with which connected R20 Nature of connection (Note 6) Advisor Notes The Notes on Form 38.5 can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange