Rule 8.3 - PUNCH TAVERNS

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              PUNCH TAVERNS
Class of relevant security    ORD SHS GBP0.0004786
to which the dealings being
disclosed relate (Note 2)
Date of dealing               09 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      10,207,380      3.83%      379,616       0.14%
securities
(2) Derivatives      359,219      0.13%      402,022       0.15%
(other than
options)
(3) Options and            0      0.00%            0       0.00%
agreements to
purchase/sell
Total             10,566,599      3.97%       781,638      0.29%

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

Class of                    Long                     Short
relevant
security:

                  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
                                   (GBP)
Purchase      38,848               5.5893
Purchase      247                  5.7300
Purchase      15,902               5.6200
Purchase      9,048                5.6200
Purchase      1,490                5.7961
Purchase      7,043                5.6600
Purchase      11,143               5.6200
Purchase      14,762               5.6311
Purchase      32,205               5.6961
Purchase      9,122                5.5840
Purchase      5,803                5.6273
Sale          920                  5.7839
Sale          15,097               5.7644
Sale          16,322               5.6658
Sale          51,275               5.6959
Sale          73,889               5.7549
Sale          2,700                5.7444
Sale          5,163                5.6179
Sale          40,531               5.6192
Sale          2,000                5.7041
Sale          5,163                5.6179
Sale          33,449               5.6944
Sale          2,098                5.5994

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          2098           5.5994
CFD            Long          10326          5.6178
CFD            Long          40531          5.6191
CFD            Long          16322          5.6657
CFD            Long          33449          5.6943
CFD            Long          51275          5.6959
CFD            Long          2000           5.7041
CFD            Long          14026          5.7106
CFD            Long          2700           5.7444
CFD            Long          73889          5.7548
CFD            Long          15097          5.7644
CFD            Long          920            5.7839
CFD            Short         9122           5.584
CFD            Short         38848          5.5892
CFD            Short         5803           5.6273
CFD            Short         14762          5.6311
CFD            Short         7043           5.66
CFD            Short         32205          5.696
CFD            Short         1490           5.7961

(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

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




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


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




4.   OTHER INFORMATION
None

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.




Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         10 April 2008
Contact name                               Geoff Smith
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

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