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Punch Taverns plc (the "Company")
3 November 2009

TR-1 NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Punch Taverns plc

 

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

3. Full name of person(s) subject to the notification obligation:

Standard Life Investments Ltd

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

Vidacos Nominees

5. Date of the transaction (and date on which the threshold if crossed or reached if different):

2 November 2009

6. Date on which issuer notified:

3 November 2009

7. Threshold(s) that is/are crossed or reached:

5%

8 Notified details:

A:    Voting rights attached to shares

Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction
	Number of shares	Number of voting rights
GB0031552861	31,880,357	31,880,357

Resulting situation after the triggering transaction
Number of shares	Number of voting rights		% of voting rights
	Direct	Indirect	Direct	Indirect
32,320,739	12,856,388	19,464,351	2.00%	3.03%

B:     Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/Conversion/Period Date	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights

C:     Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/Conversion/Period Date	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights
					Nominal	Delta

Total (A+B+C)

Number of voting rights	% of voting rights
32,320,739	5.03%

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

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

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

13. Additional information:

14. Contact name:

Claire Stewart, Deputy Company Secretary

15. Contact telephone number:

(01283) 501 858

ENDHOLUUGCPGUPBGCW