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               04 February 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       10,924,742    4.10%      1,056,083     0.40%
securities
(2) Derivatives     1,464,772    0.55%         69,936     0.03%
(other than
options)
(3) Options and             0    0.00%              0     0.00%
agreements to
purchase/sell
Total              12,389,514    4.65%       1,126,019     0.42%


(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      50,382               6.6790
Purchase      1,122                6.6763
Purchase      5,312                6.7531
Purchase      1,200                6.5861
Purchase      72,728               6.7774
Purchase      77,745               6.8011
Purchase      1,200                6.5861
Purchase      2,105                6.6750
Purchase      24,526               6.7987
Purchase      107,342              6.7341
Purchase      11,471               6.7826
Sale          24,526               6.7987
Sale          15,132               6.5985
Sale          3,471                6.7935
Sale          50,000               6.6900
Sale          73,144               6.8251
Sale          1,200                6.5861
Sale          24,526               6.7987
Sale          8,928                7.1091

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         1200          6.5861
CFD            Short         1122          6.6762
CFD            Short         50382         6.679
CFD            Short         107342        6.734
CFD            Short         5312          6.753
CFD            Short         72728         6.7773
CFD            Short         67745         6.7778
CFD            Short         11471         6.7825
CFD            Short         10000         6.9581
CFD            Long          15132         6.5984
CFD            Long          50000         6.69
CFD            Long          3471          6.7934
CFD            Long          24526         6.7987
CFD            Long          64144         6.8059
CFD            Long          9000          6.9615
CFD            Long          8928          7.109

(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                         05 February 2008
Contact name                               BARCLAYS COMPLIANCE
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)