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               08 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       11,366,765    4.27%        922,722     0.35%
securities
(2) Derivatives     1,336,370    0.50%        112,489     0.04%
(other than
options)
(3) Options and             0    0.00%              0     0.00%
agreements to
purchase/sell
Total              12,703,135    4.77%       1,035,211    0.39%


(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      46,203               6.3020
Purchase      1,104                6.3100
Purchase      7,596                6.2335
Purchase      34,814               6.4387
Purchase      4,019                6.3150
Purchase      69,049               6.4123
Purchase      14,191               6.3150
Purchase      400                  6.4711
Purchase      430                  6.3012
Sale          12,644               6.2544
Sale          23,891               6.2444
Sale          3,183                6.2294
Sale          4,505                6.2980
Sale          18,845               6.3070
Sale          25,769               6.3081
Sale          1,161                6.3138
Sale          15,344               6.2541
Sale          430                  6.2488
Sale          138                  6.2888

(b)  Derivatives transactions (other than options)
Product name   Long/Short    Number of     Price per
                             Securities    unit
CFD            Short         7596          6.2335
CFD            Short         430           6.3011
CFD            Short         46203         6.3019
CFD            Short         34814         6.4387
CFD            Short         400           6.4711
CFD            Long          3183          6.2293
CFD            Long          23891         6.2444
CFD            Long          430           6.2488
CFD            Long          15344         6.2541
CFD            Long          12644         6.2543
CFD            Long          138           6.2888
CFD            Long          4505          6.298
CFD            Long          18845         6.307
CFD            Long          25769         6.3081
CFD            Long          1161          6.3138

(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                         11 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)