Rule 8.3 - MITCHELLS &BUTLERS

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              MITCHELLS &BUTLERS
Class of relevant security    ORD GBP0.085416
to which the dealings being
disclosed relate (Note 2)
Date of dealing               19 March 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      14,332,657       3.56%      918,588      0.23%
securities
(2) Derivatives      918,588       0.23%    1,831,237      0.45%
(other than
options)
(3) Options and            0       0.00%            0      0.00%
agreements to
purchase/sell
Total             15,251,245       3.78%    2,749,825      0.68%


(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      42,232               3.4005
Purchase      7,509                3.2359
Purchase      4,000                3.3816
Purchase      8,587                3.3686
Purchase      2,475                3.2409
Purchase      46,907               3.5250
Purchase      22,810               3.2144
Purchase      3,099                3.0774
Purchase      17,085               3.3786
Purchase      48,484               3.2370
Purchase      10,678               3.3786
Purchase      16,328               3.5250
Purchase      18,943               3.0285
Purchase      454                  Transfer
Sale          2,020                3.2536
Sale          46,902               3.5250
Sale          1,735                3.2103
Sale          5,215                3.2738
Sale          958                  3.2695
Sale          1,365                3.2356
Sale          16,328               3.5250
Sale          1,748                3.1644
Sale          12,151               3.2855
Sale          33,263               3.3354
Sale          46,907               3.5250
Sale          34,555               3.2851
Sale          4,642                3.0450
Sale          2,310                2.9800

(b)  Derivatives transactions (other than options)
Product name,  Long/Short    Number of     Price per
(e.g. CFD)     (Note 6)      Securities    unit (GBP)
CFD            Short         18943         3.0285
CFD            Short         3099          3.0773
CFD            Short         22810         3.2144
CFD            Short         7509          3.2358
CFD            Short         48484         3.2369
CFD            Short         2475          3.2408
CFD            Short         4000          3.3815
CFD            Short         42232         3.4005
CFD            Long          2310          2.98
CFD            Long          4642          3.045
CFD            Long          2020          3.2535
CFD            Long          958           3.2694
CFD            Long          5215          3.2738
CFD            Long          34555         3.2851
CFD            Long          12151         3.2854
CFD            Long          33263         3.3354

(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                         20 March 2008
Contact name                               Geoff Smith
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)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk