EPT Disclosure

31st Mar 2008 11:13

Morgan Stanley Securities Limited31 March 2008 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(a) of the Takeover Code) 1. KEY INFORMATION Name of exempt principal trader Morgan Stanley Securities Limited Company dealt in Punch Tavern Plc Class of relevant security to which the Ordinary Sharesdealings being disclosed relate (Note 1) Date of dealing 28 March 2008 2. DEALINGS (Note 2) (a) Purchases and sales Total number of securities purchased Highest price paid (Note 3) GBP Lowest price paid (Note 3) GBP 2,608,722 5.7200 5.3250 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 2,505,699 5.7350 5.3400 (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) GBPe.g. CFD CFD LONG 21,321 5.4158CFD SHORT 1,926 5.5400CFD LONG 700,000 5.3760CFD LONG 75,000 5.3760CFD LONG 61,964 5.3760CFD LONG 85,637 5.3859CFD LONG 64,434 5.3922CFD LONG 82,217 5.4065CFD LONG 10,012 5.4065CFD LONG 213,000 5.4653CFD LONG 6,000 5.5154CFD LONG 6,798 5.5390CFD LONG 13,000 5.5723CFD SHORT 92,000 5.3520CFD SHORT 5,000 5.3523CFD SHORT 78,363 5.3602CFD SHORT 200 5.3633CFD SHORT 3,300 5.3633CFD SHORT 19,100 5.3633CFD SHORT 10,900 5.3633CFD SHORT 73,200 5.3633CFD SHORT 179,300 5.3633CFD SHORT 19,300 5.3633CFD SHORT 15,200 5.3633CFD SHORT 500 5.3633CFD SHORT 64,434 5.3856CFD SHORT 4,039 5.3908CFD SHORT 6,798 5.4046CFD SHORT 130,500 5.4072CFD SHORT 39,167 5.4137CFD SHORT 1,975 5.4160CFD SHORT 51,530 5.4160CFD SHORT 140,000 5.4371CFD SHORT 472,655 5.5363CFD SHORT 4,000 5.6659CFD SHORT 35,000 5.6913CFD SHORT 5,622 5.5400 (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money purchasing, to which the option American,e.g. call option varying etc. relates (Note 5) price European etc. date paid/received per unit (Note 3) N/A N/A N/A N/A N/A N/A N/A (ii) Exercising Product name, e.g. call option Number of securities Exercise price per unit (Note 3) N/A N/A N/A 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 relatingto the voting rights of any relevant securities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form isreferenced. If none, this should be stated. NONE Date of disclosure 31 March 2008 Contact name Zafrhan Fahmy Telephone number 020 7677 1871 Name of offeree/offeror with which connected Punch Tavern Plc Nature of connection (Note 6) Advisor Notes The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange

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Related Shares:

Punch Taverns PLC