Punch Taverns : Publication of shareholder circular and prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

PUNCH TAVERNS PLC

("Punch" or the "Group")

Publication of combined shareholder circular and prospectus

Earlier today, Punch announced proposals for the restructuring of the Punch A and Punch B securitisations (the "Proposals").

The combined shareholder circular and prospectus in relation to the Proposals has today been approved by the UK Listing Authority.

The combined shareholder circular and prospectus will be available from today on Punch's website at www.punchtavernsplc.com (subject to certain access restrictions) and copies can be obtained at Punch's registered offices at Jubilee House, Second Avenue, Burton-upon-Trent, Staffordshire DE14 2WF . It can also be inspected at the offices of Slaughter and May at One Bunhill Row, London EC1Y 8YY, during normal business hours on any weekday (UK public holidays excepted).

A copy of the combined shareholder circular and prospectus has also been submitted to the National Storage Mechanism, where it can be viewed and downloaded at www.morningstar.co.uk/uk/NSM.

The combined shareholder circular and prospectus will be dispatched to shareholders tomorrow, Tuesday 19 August 2014.

Disclaimer

This announcement is not intended to and does not constitute or form part of any offer to sell or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the proposals set out herein or otherwise, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefor or be considered a recommendation that any investor should subscribe for or purchase or invest in any securities.

The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 as amended (the "Securities Act") or under any U.S. state securities laws and may not be offered or sold within the United States unless any such securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act and any applicable state laws is available.

Goldman Sachs International, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting as financial adviser to Punch and for no one else in connection with the capital restructuring and will not be responsible to anyone other than Punch for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the capital restructuring, the content of this announcement or any matter referred to herein.

The Blackstone Group International Partners LLP, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting as financial adviser to Punch and for no one else in connection with the capital restructuring and will not be responsible to anyone other than Punch for providing the protections afforded to clients of The Blackstone Group International Partners LLP nor for providing advice in connection with the capital restructuring, the content of this announcement or any matter referred to herein.