Transaction in Own Shares

Mitchells & Butlers PLC
01 February 2005


Mitchells & Butlers plc announces that on 1 February 2005 it purchased 230,000
of its ordinary shares at a price of 326.68 pence per ordinary share. 115,000 of
these shares will be held as treasury shares and 115,000 shares will be
cancelled.

The total number of Mitchells & Butlers shares in issue (after cancellation of
115,000 shares and excluding treasury shares) is 519,315,676. Following the
above purchase, Mitchells & Butlers plc holds 2,208,364 ordinary shares as
treasury shares.

It is intended that the shares held as treasury shares will be used to meet
obligations of Mitchells & Butlers under employee share option schemes.


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