Transaction in Own Shares

Mitchells & Butlers PLC
10 December 2004

10 December 2004


                            Mitchells & Butlers plc

                           Purchase of Own Securities


Mitchells & Butlers plc announces that on 10 December 2004 it purchased 250,000
of its ordinary shares at a price of 316.98 pence per ordinary share.  125,000
of these shares will be held as treasury shares and 125,000 shares will be
cancelled.

The total number of Mitchells & Butlers shares in issue (after cancellation of
125,000 shares and excluding treasury shares) is 523,549,040.  Following the
above purchase, Mitchells & Butlers plc holds 500,000 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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