Treasury Stock

Mitchells & Butlers PLC
15 July 2005


                                TREASURY SHARES

Mitchells & Butlers announces that following the exercise of share options by
non-directors over 69,587 shares, it now holds 2,421,208 ordinary shares as
treasury shares. The total number of Mitchells & Butlers shares in issue,
excluding treasury shares, is now 505,132,832.

For reporting purposes under Section 198 of the Companies Act 1985, the market
should exclude any shares held in treasury.

Victoria M Penrice
Assistant Company Secretary







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