Deutsche Bank AG London 04 May 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 Deutsche Bank AG London Company dealt in Mitchells & Butler Plc Class of relevant security to which the dealings Ordinary being disclosed relate (Note 1) Date of dealing 03/05/2006 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) Lowest price paid (Note 3) 990,460 £5.1279 £4.8675 Total number of securities Sold Highest price received (Note 3) Lowest price received (Note 3) 1,013,048 £5.15 £4.8679 (b) Derivatives transactions (other than options) Product name, e.g. Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) CFD CFD Long 100,000 £4.96496 CFD Long 3,800 £5.1196 CFD Long 8 £5.1 CFD Long 800 £5.105 CFD Long 810 £5.10667 CFD Long 81032,100 £5.16 CFD Long 50,000 £5.08758 CFD Short 31,618 £5.091591 CFD Short 32,100 £5.16 (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name,e.g. Writing, Number of Exercise Type, e.g. Expiry Option money call option selling, securities to price American, date paid/received purchasing, which the option European etc. per unit (Note varying etc. relates (Note 5) 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 04/05/2006 Contact name Kelly-Jade Ledwich Telephone number 0207 545 7804 Name of offeree/offeror with which connected R20 Nature of connection (Note 6) Advisor to the offeror 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