Transaction in Own Shares

Mitchells & Butlers PLC
07 January 2005


7 January 2005
                            Mitchells & Butlers plc

                           Purchase of Own Securities


Mitchells & Butlers plc announces that on 7 January 2005 it purchased 300,000 of
its ordinary shares at a price of 332.3917 pence per ordinary share.  150,000 of
these shares will be held as treasury shares and 150,000 shares will be
cancelled.

The total number of Mitchells & Butlers shares in issue (after cancellation of
150,000 shares and excluding treasury shares) is 522,312,163.  Following the
above purchase, Mitchells & Butlers plc holds 886,877 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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