Circular regarding the change of auditor

Punch Taverns plc (the "Company")

8 March 2010

Circular regarding the change of auditor

Pursuant to section 520(2) of the Companies Act 2006, a circular has today been posted to the shareholders of the Company for information only in relation to the statutory statement received from Ernst & Young LLP ("E&Y") in connection with their resignation as the Company's auditor. The resignation follows the Company's competitive process for the selection of an audit firm.

With E&Y having been group auditor since the Company's flotation in 2002, the Board (on the recommendation of the Audit Committee) decided that it was appropriate to put the group audit out to competitive tender and KPMG LLP was successful in this process.

The circular and auditors' statement are available on the Company's website (www.punchtaverns.com) and will shortly also be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London

E14 5HS

Date of Notification: 8 March 2010

Name of contact and telephone number for queries:

Neil Preston

Company Secretary

Punch Taverns plc

Tel: 01283 501 751