Publication of Circular&Notice of General Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

PUNCH TAVERNS PLC

("Punch" or the "Group")

Publication of Circular and Notice of General Meeting

Further to the announcement on 8 September 2015, in which Punch announced that it had entered into an agreement to sell the Group's 50% shareholding in Matthew Clark (Holdings) Limited to Conviviality Brands Limited, a wholly-owned subsidiary of Conviviality Retail Plc, (the "Disposal"), Punch announces that the circular relating to the Disposal (the "Circular") is being sent to shareholders today.

The Circular contains a notice of a general meeting (the "General Meeting") to approve the Disposal. The General Meeting will be held at 9.00 a.m. on Thursday 1 October 2015 at Punch Taverns, Jubilee House, Second Avenue, Burton upon Trent, DE14 2WF.

The Circular is available for inspection on the investor relations section of the Company's website: www.punchtavernsplc.com.

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.

Enquiries:

Forward Looking Statements

Certain statements contained in this announcement, including any targets, forecasts, projections, descriptions or statements regarding the possible future results of operations, any statement preceded by, followed by or that includes the words "targets", "believes", "expects", "aims", "intends", "will", "may", "anticipates", or the negative of such terms or other similar expressions, and other statements that are not historical facts, are or may constitute "forward-looking statements". Because such statements are inherently subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include but are not limited to (i) risks and uncertainties relating to the United Kingdom economy, the United Kingdom pub industry, consumer demand, beer consumption levels and government regulation and (ii) such other risks and uncertainties detailed herein. All written and oral forward-looking statements attributable to the Group or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements set forth in this paragraph. Investors are cautioned not to put undue reliance on such forward-looking statements. No obligation is assumed (except as required by the Listing Rules, the Disclosure and Transparency Rules, the rules of the London Stock Exchange and by law) to publish any revisions to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement.

Disclaimer

Numis Securities Limited ("Numis"), which is authorised in the United Kingdom by the Prudential Regulatory Authority and regulated in the United Kingdom by the FCA and the Prudential Regulatory Authority, is acting exclusively for the Company and no one else in relation to the Disposal, and will not regard any other person (whether or not a recipient of this document) as its client in relation to the Disposal and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Numis, or for giving advice in relation to the Disposal or any transaction, arrangement or other matter referred to in this document. No person shall be treated as a client of Numis solely by virtue of receiving this document.