Rule 8.3- Mitchells & Butler

RNS Number:7439S
Landsbanki Islands hf.
21 April 2008



                                                                   FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

                        (Rule 8.3 of the Takeover Code)





1.         KEY INFORMATION


Name of person dealing  (Note 1)               Landsbanki Islands hf, London Branch

Company dealt in                               Mitchells & Butler Plc

Class of relevant security to which the        ORD 8 13/24
dealings being disclosed relate (Note 2)

Date of dealing                                18 April 2008






2.         INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE



(a)        Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)


                                                             Long                              Short


                                               Number                           Number
                                                          (%)                              (%)

(1) Relevant securities                        4,865,582  1.21

(2) Derivatives (other than options)                                            4,612,582  1.14

(3) Options and agreements to purchase/sell                                        23,000  0.01

Total                                          4,865,582  1.21                  4,635,582  1.15



(b)        Interests and short positions in relevant securities of the company,
other than the class dealt in (Note 3)


Class of relevant security:                                  Long                              Short


                                               Number                           Number
                                                          (%)                              (%)

(1) Relevant securities


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell


Total





(c)        Rights to subscribe (Note 3)


Class of relevant security:                    Details




3.         DEALINGS (Note 4)



(a)        Purchases and sales


Purchase/sale                          Number of securities                  Price per unit (Note 5)


Buy                                    8,000                                 340

Sale                                   35,000                                342.988







(b)        Derivatives transactions (other than options)


Product name,         Long/short (Note 6)       Number of securities (Note 7)        Price per unit (Note 5)

e.g. CFD



(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 7)      price      European etc.   date       paid/received per
                                                                                                    unit (Note 5)

Put                   Purchase          75,000                370        American        June 08    18



(ii)        Exercising


Product name, e.g. call option         Number of securities                  Exercise price per unit (Note 5)




(d)        Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)         Details                               Price per unit (if applicable) (Note 5)




4.         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 relating
to the voting rights of any relevant securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.


Trades taken in as give ups on behalf of client as a hedge to CFDs







Is a Supplemental Form 8 attached? (Note 9)                       YES




Date of disclosure                                                21 April 2008

Contact name                                                      Godfrey Dutton

Telephone number                                                  020 7866 5242

If a connected EFM, name of offeree/offeror with which connected  N/A
If a connected EFM, state nature of connection (Note 10)          N/A



Notes



The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk



                                                             SUPPLEMENTAL FORM 8





                           DETAILS OF OPEN POSITIONS

   (This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as
                                  appropriate)







OPEN POSITIONS (Note 1)


Product name,        Written or      Number of securities   Exercise price   Type, e.g.     Expiry date
                     purchased       to which the option or (Note 2)         American,
e.g. call option                     derivative relates                      European etc.


PUT                  Purchase        75,000                 370p             American       June 2008





Notes



1. Where there are open option positions or open derivative positions (except
for CFDs), full details should be given.  Full details of any existing
agreements to purchase or to sell should also be given on this form.



2. For all prices and other monetary amounts, the currency must be stated.



For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk










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