Holding(s) in Company

Mitchells & Butlers PLC
21 January 2008



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
   voting rights are attached (ii):
   Mitchells & Butlers plc

2. Reason for the notification (please state Yes/No): ( )

   An acquisition or disposal of voting rights: Yes

   An acquisition or disposal of financial instruments which may result in the
   acquisition of shares already issued to which voting rights are attached: No

   An event changing the breakdown of voting rights: No

    Other (please specify) : No

3. Full name of person(s) subject to the notification obligation (iii):
   Axa S.A., 25 Avenue Matignon, 75008 Paris and its group of companies

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

5. Date of the transaction (and date on which the threshold is crossed or
   reached if different) (v):
   17 January 2008

6. Date on which issuer notified:
   21 January 2008

7. Threshold(s) that is/are crossed or reached:
   10%

8. Notified details:
   .................

A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)

                                        Number of      Number of voting Rights
                                        shares         (viii)
GB00B1FP6H53                            41,953,851     41,953,851

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible Number of  Number of voting     % of voting
using the ISIN CODE              shares     rights (ix)          rights
                                 Direct     Direct    Indirect   Direct Indirect
                                            (x)       (xi)
GB00B1FP6H53                     7,063,276  7,063,276 33,034,163 1.76%  8.19%

B: Financial Instruments
Resulting situation after the triggering transaction (xii)

Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   Date       Conversion      be acquired if the instrument is  voting
instrument  (xiii)     Period/ Date    exercised/ converted.             rights
                       (xiv)



Total (A+B)
Number of voting rights                      % of voting rights
40,097,439                                   9.94%

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

Name of company/fund                                     Number of   % of issued
                                                            shares share capital
AXA Sun Life plc (formerly Axa Equity & Law     Direct     425,898       0.10566
Life Assurance Society plc)
Sun Life Unit Assurance Ltd a/c X               Direct     125,219       0.03107
Sun Life Unit Assurance Ltd a/c X               Direct     766,828       0.19004
Sun Life Unit Assurance Ltd a/c X               Direct   1,492,682       0.36993
AXA UK Investment Co ICVC Distribution Fund    Indirect     75,000       0.01859
AXA UK Investment Co ICVC Extra Income Fund    Indirect     20,000       0.00496
AXA UK Investment Co ICVC UK Equity Income     Indirect     81,818       0.02028
Fund
PPP Healthcare Group p c                        Direct      18,880       0.00468
Sun Life Pensions Management Ltd                Direct     135,000       0.03346
Sun Life Pensions Management Ltd a/c            Direct     597,073       0.14797
Sun Life Assurance Society plc                  Direct     210,190       0.05209
Axa Insurance UK                                Direct      67,400       0.01670
AXA Financial, Inc                             Indirect 32,638,196       8.08877
Sun Life International (IOM) Ltd                Direct     500,000       0.12392
AXA France                                     Indirect     13,355       0.00331
AXA Financial Inc.                             Indirect    202,938       0.05029
Sun Life Pensions Management Ltd                Direct      17,014       0.00422
Sun Life Pensions Management Ltd                Direct       2,182       0.00054
Sun Life Unit Assurance Ltd LTAV UK Equity      Direct      80,135       0.01986
Sun Life Unit Assurance Ltd ABL High Alpha      Direct     208,000       0.05155
Sun Life Unit Assurance Ltd FTSE All Share      Direct      68,496       0.01698
Tracker
Sun Life Pensions Management LTAV UK Equity     Direct     360,190       0.08927
Sun Life Pensions Management ABL High Alpha     Direct   1,118,200       0.27712
Sun Life Pensions Management FTSE All Share     Direct     350,798       0.08694
Tracker
Pramlington Onshore Private Clients            Indirect      2,856       0.00071
AXA Winterthur                                  Direct     104,345       0.02586
Axa Sun Life With Profits Passive               Direct     272,941       0.06764
Axa Sun Life With Profits Passive               Direct     141,805       0.03514

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:
    Terry Marsh

15. Contact telephone number:
    020 7003 2637




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