Noteholder Identification

Punch Taverns plc (the "Company")

28 November 2012

Punch Taverns plc

Noteholder Identification

In line with the previously announced update on the capital structure review on 24 October 2012, Punch Taverns Plc ("Punch") has today issued a Noteholder Identification Request to identify noteholders in both the Punch A and Punch B securitisations.

Discussions are ongoing with certain of Punch's major shareholders and other significant stakeholders on potential restructuring options. Identification of noteholders will allow Punch to extend these discussions to include such noteholders.

The full Noteholder Identification Request is available on the Punch website:

www.punchtavernsplc.com/Punch/Corporate/Investor+Centre/Debt+information

Name of contact and telephone number for enquiries:

Steve Dando

Punch Taverns plc

01283 502215

Mike Smith

Jonathan Glass

Brunswick Group LLP

0207 404 5959