GoldmanSachs International 18 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 13 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) 1037074 5.0025 GBP 4.7973 GBP Total number of securities sold Highest price received (Note 3) Lowest price received (Note 3) 350063 4.9102 GBP 4.762 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 Short 24400 4.8281 GBP CFD Short 2300 4.8443 GBP CFD Short 5700 4.8443 GBP CFD Long 2000 4.868 GBP CFD Long 600 4.868 GBP CFD Short 61842 4.821 GBP CFD Short 50000 4.9102 GBP CFD Short 50000 4.8776 GBP CFD Long 5300 4.8281 GBP CFD Long 139766 4.9812 GBP CFD Long 29424 4.9812 GBP CFD Long 50000 4.7973 GBP CFD Long 400000 4.8555 GBP CFD Long 50000 5.0025 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) (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 18 April 2006 Contact name Peter Highton Telephone number +44-207-774-1935 Name of offeree/offeror with which connected MITCHELLS & BUTLERS PLC 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