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               14 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       9,664,424      3.63%      875,084       0.33%
securities
(2) Derivatives      931,523      0.35%      330,058       0.12%
(other than
options)
(3) Options and            0      0.00%            0       0.00%
agreements to
purchase/sell
Total             10,595,947      3.98%     1,205,142      0.45%

(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      7,020                6.0638
Purchase      23,424               6.0440
Purchase      10,814               6.0565
Purchase      5,993                6.0057
Purchase      2,464                6.1159
Purchase      8,500                5.8800
Purchase      500                  6.0160
Purchase      5,026                6.0680
Purchase      155,787              6.0534
Purchase      800                  5.9760
Purchase      6,392                5.8800
Purchase      882                  5.8700
Purchase      1,237                6.0850
Sale          1,701                6.0850
Sale          2,126                6.0634
Sale          2,430                6.0634
Sale          3,988                6.0593
Sale          154,921              6.0582
Sale          6,392                5.8800
Sale          27,511               6.0350
Sale          2,464                5.9489
Sale          7,610                5.9886
Sale          51,819               6.0841
Sale          57,600               6.1126
Sale          2,439                6.0634
Sale          9,041                6.0024
Sale          12,169               6.0838
Sale          1,326                6.0634
Sale          1,845                6.0634
Sale          1,139                6.0634
Sale          671                  6.0634
Sale          2,523                6.0500

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Long          2464          5.9488
CFD            Long          7610          5.9886
CFD            Long          9041          6.0023
CFD            Long          27511         6.0349
CFD            Long          2523          6.05
CFD            Long          154921        6.0582
CFD            Long          3988          6.0592
CFD            Long          12169         6.0838
CFD            Long          51819         6.084
CFD            Long          57600         6.1126
CFD            Short         800           5.976
CFD            Short         5993          6.0056
CFD            Short         500           6.016
CFD            Short         23424         6.0439
CFD            Short         155787        6.0534
CFD            Short         10814         6.0565
CFD            Short         7020          6.0638
CFD            Short         5026          6.0679
CFD            Short         2464          6.1159

(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                         15 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