Statement re Possible Offer

Mitchells & Butlers PLC
30 January 2008


30 January 2008


        Mitchells & Butlers plc ('Mitchells & Butlers' or the 'Company')

                              Re Strategic Review


Further to the Company's announcement yesterday which referred to its intention
to conduct a strategic review, the Board of Mitchells & Butlers notes the
speculation surrounding potential expressions of interest for the Company.

The Board confirms that a number of parties have now made preliminary and
tentative expressions of interest in the Company to Citi, its adviser. However,
no discussions have taken place and there can be no certainty that any will take
place.

At this preliminary stage, there can be no assurance that any offer for the
Company will be forthcoming. The Board will keep shareholders informed as
appropriate.

Consequently the Company is considered to be in an 'offer period' as defined in
the Takeover Code, and the dealing disclosure requirements listed below will
apply.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers,
Mitchells & Butlers confirms that, as at the close of business on 30 January
2008, it has 403,080,304 ordinary shares of 8 13/24 pence each in issue. The
ISIN reference for these securities is GB00B1FP6H53.



Citigroup Global Markets Limited ('Citi') which is authorised and regulated in
the United Kingdom by the Financial Services Authority, is acting for Mitchells
& Butlers and no one else in connection with this announcement and will not be
responsible to anyone other than Mitchells & Butlers for providing the
protections afforded to clients of Citi or for providing advice in relation to
the contents of this announcement, or for any other transaction, arrangement or
matters referred to in this announcement.


Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any
person is, or becomes, 'interested' (directly or indirectly) in 1% or more of
any class of 'relevant securities' of Mitchells & Butlers, all 'dealings' in any
'relevant securities' of that company (including by means of an option in
respect of, or a derivative referenced to, any such 'relevant securities') must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the 'offer period' otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
'interest' in 'relevant securities' of Mitchells & Butlers, they will be deemed
to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Mitchells & Butlers by the offeror or Mitchells & Butlers, or by
any of their respective 'associates', must be disclosed by no later than 12.00
noon (London time) on the London business day following the date of the relevant
transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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