Special Dividend

Mitchells & Butlers PLC
29 September 2006


29 September 2006
                            Mitchells & Butlers plc

                    Special Dividend and Share Consolidation

On 15 September 2006, the Board of Mitchells & Butlers plc confirmed its
intention to return approximately £486 million to shareholders by way of a
special dividend of £1 per existing ordinary share (the 'Special Dividend').

It also confirmed its proposal that the Special Dividend would be accompanied by
a proportional consolidation of the Company's ordinary share capital to allow
comparability of the share price and dividend per share before and after the
Special Dividend.

Subject to shareholder approval, for every 41 existing ordinary shares
shareholders will receive 34 new ordinary shares and the Special Dividend.

The ratio used for the purposes of calculating the share consolidation has been
determined by reference to the closing mid-market price of 591 pence per
existing ordinary share on 28 September 2006, the latest practicable date prior
to publication of a circular to shareholders.

An Extraordinary General Meeting to approve the share consolidation will take
place on 17 October 2006 and the circular containing the notice of the meeting
will be posted to shareholders on 30 September 2006. The record date for the
Special Dividend and the share consolidation is 6.00pm on 17 October 2006. The
Special Dividend is expected to be paid to shareholders on 25 October 2006.

For further information, please contact:

Investor Relations
Kate Holligon                                             0121 498 5092

Media
Finsbury Group - James Murgatroyd                         020 7251 3801







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