Punch Taverns PLC Regulatory News (PUB)

Punch Taverns plc (the "Company")

15 June 2015

BOARD CHANGES AND NOTIFICATION OF DIRECTOR SHAREHOLDING

Further to the announcement made on 3 March 2015, the Board of Punch Taverns plc confirms that Duncan Garrood was appointed Chief Executive of the Company with effect from today. No further information is required to be disclosed in respect of Duncan Garrood pursuant to Listing Rule 9.6.13R (1) to (6).

As also announced on 3 March 2015 Executive Chairman Stephen Billingham has reverted to the role of Non-executive Chairman of the Company with effect from today.

In addition, on 15 June 2015, in accordance with the rules of the Long Term Incentive Plan 2008, the Remuneration Committee granted a conditional award of Options at a price of £1.23 per share over 650,406 ordinary shares in the Company to Duncan Garrood.

The Options will normally be exercisable between 16 June 2018 and 15 June 2025 subject to the optionholder's continued employment and to the extent that Total Shareholder Return targets are met, as set out in the Company's 2014 Annual Report and Accounts. In the event of the Options becoming exercisable, the exercise price payable would be a total of £1.

The issued share capital of the Company is currently 221,892,729 ordinary shares of 0.9572p each.

The above notification is intended to satisfy the Company's obligations under the Disclosure and Transparency Rule 3.1.4.

Date of Notification: 15 June 2015

Ed Bashforth

Company Secretary

Punch Taverns plc

01283 502 215