Director Shareholding

Mitchells & Butlers PLC
10 December 2004


10 December 2004

                              Directors' Interests

SHORT TERM DEFERRED INCENTIVE PLAN

The first tranch of shares (equivalent to one third of the conditional award
made in respect of the 2002/03 annual bonus) under the Short Term Deferred
Incentive Plan was released yesterday.

Accordingly, shares have been transferred from the Mitchells & Butlers Employee
Benefit Trust, net of tax and NI liabilities, to directors as follows:

Director       Number of shares      Total number of shares 
                                      held after this award

Mike Bramley             10,217                      47,054
Tim Clarke               15,720                     427,069
Tony Hughes              10,217                      61,921
Karim Naffah             11,004                      59,631

Following this award, and the exercise of share options by non-directors, the
Mitchells & Butlers Employee Benefit Trust is interested in 2,194,315 Mitchells
& Butlers plc shares. The executive directors of the Company, Mike Bramley, Tim
Clarke, Tony Hughes and Karim Naffah, are technically deemed to be interested in
these shares as potential beneficiaries under the Trust.

M J N Bridge
Deputy Secretary
0121 498 4526




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