Transaction in Own Shares

Mitchells & Butlers PLC
08 December 2004

8 December 2004



                            Mitchells & Butlers plc

                           Purchase of Own Securities




Mitchells & Butlers plc announces that on 8 December 2004 it purchased 500,000
of its ordinary shares at a price of 315.375p pence per ordinary share.  250,000
of these shares will be held as treasury shares and 250,000 shares will be
cancelled.



The total number of Mitchells & Butlers shares in issue (after cancellation of
250,000 shares and excluding treasury shares) is 523,683,982.  Following the
above purchase, Mitchells & Butlers plc holds 375,000 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.



ENDS




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