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               07 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       11,294,869    4.24%        889,344     0.33%
securities
(2) Derivatives     1,302,992    0.49%         95,578     0.04%
(other than
options)
(3) Options and             0    0.00%              0     0.00%
agreements to
purchase/sell
Total              12,597,861    4.73%         984,922    0.37%


(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      18,124               6.3614
Purchase      47,373               6.4747
Purchase      1,100                6.4770
Purchase      18,616               6.3900
Purchase      87,144               6.3922
Purchase      8,847                6.3662
Purchase      41,501               6.4338
Sale          49,876               6.3665
Sale          14,928               6.3774
Sale          34,711               6.4316
Sale          3,200                6.3100
Sale          355                  6.3900
Sale          3,546                6.3900
Sale          12,296               6.3919
Sale          9,551                6.3934
Sale          4,599                6.5000
Sale          762                  6.3900
Sale          19,200               6.4052

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         18124 6.3613
CFD            Short         8847 6.3662
CFD            Short         20833 6.3981
CFD            Short         20668 6.4697
CFD            Short         47373 6.4746
CFD            Short         1100 6.477
CFD            Long          3200 6.31
CFD            Long          49876 6.3664
CFD            Long          14928 6.3773
CFD            Long          12296 6.3918
CFD            Long          9551 6.3933
CFD            Long          14000 6.3947
CFD            Long          19200 6.4052
CFD            Long          20711 6.4564

(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                         08 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)