2nd Apr 2008 11:47
Morgan Stanley Securities Limited02 April 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 01 April 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 454,583 5.8100 5.3400 Total number of securities sold Highest price received (Note 3) GBP Lowest price received (Note 3) GBP 1,143,438 5.8500 5.3400 (b) Derivatives transactions (other than options) Product name, Long/short (Note 4) Number of securities (Note 5) Price per unit (Note 3) GBP e.g. CFDCFD LONG 2,941 5.3393CFD LONG 700 5.3900CFD LONG 7,000 5.3900CFD LONG 16,420 5.3900CFD LONG 721 5.4292CFD LONG 200,000 5.5089CFD LONG 210,000 5.5889CFD LONG 20,166 5.5953CFD LONG 6,800 5.6035CFD LONG 52,129 5.6418CFD LONG 67,770 5.6526CFD LONG 65,174 5.7054CFD LONG 38,962 5.7054CFD LONG 3,943 5.7356CFD LONG 44,745 5.7356CFD LONG 105,000 5.8100CFD LONG 121,000 5.8100CFD SHORT 487 5.3427CFD SHORT 991 5.3427CFD SHORT 394 5.3427CFD SHORT 93 5.3427CFD SHORT 854 5.3427CFD SHORT 15,800 5.3900CFD SHORT 620 5.3900CFD SHORT 7,700 5.3900CFD SHORT 2,941 5.5782CFD SHORT 20,652 5.6470CFD SHORT 35,775 5.6978CFD SHORT 22,302 5.7040CFD SHORT 121,000 5.8100CFD SHORT 105,000 5.8100CFD LONG 4,185 5.6918CFD LONG 10,378 5.8100CFD SHORT 13,582 5.8100 (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 persondisclosing and any other person relating to the voting rights of any relevantsecurities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which anyderivative referred to on this form is referenced. If none, this should bestated. NONE Date of disclosure 02 April 2008 Contact name Zafrhan Fahmy Telephone number 020 7677 1871 Name of offeree/offeror with which connected Punch Tavern PlcNature 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 ExchangeRelated Shares:
Punch Taverns PLC