Punch Taverns PLC Regulatory News (PUB)

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Punch Taverns plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Vine Acquisitions Limited (19,300,000 number of shares held through Nomura International PLC as custodian and 44,010,488 number of shares held through Peel Hunt LLP as custodian)

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

3 February 2017

6. Date on which issuer notified:

3 February 2017

7. Threshold(s) that is/are crossed orreached: vi, vii

Above 28%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary shares of 0.9572 pence each

ISIN: GB00BPXRVT80

N/A

N/A

63,310,488

63,310,488

N/A

28.5%

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

63,310,488

28.5%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Vine Acquisitions Limited is indirectly wholly owned by Patron Capital, V L.P.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Shane Law and Stephen Green

Directors of Vine Acquisitions Limited

15. Contact telephone number:

+44 20 7629 9417

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Vine Acquisitions Limited

Contact address

(registered office for legal entities)

54 Portland Place, London W1B 1DY

Phone number & email

+44 20 7629 9417, shane@patroncapital.com, stephen@patroncapital.com

Other useful information

(at least legal representative for legal persons)

Shane Law and Stephen Green

Directors of Vine Acquisitions Limited

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

Vine Acquisitions Limited is indirectly owned by Patron Capital, V L.P., a fund advised by Patron Capital Advisers LLP.

For notes on how to complete form TR-1 please see the FCA website.