Director/PDMR Shareholding

Mitchells & Butlers PLC
15 December 2006


15 December 2006
                              Directors' Interests

Executive Share Options

Executive Director Tony Hughes, today increased his holding in the Company's
shares through the exercise of Executive Share Options. Mr Hughes sold only
sufficient of the shares under option, in order to finance the costs of
exercise, including the resultant tax and National Insurance liabilities arising
on exercise.

Details of the exercise are shown in the table below:

    ----------       ---------       ---------        ---------        ---------
No. of shares        Exercise    Market value    No. of shares    No. of shares
under option            price          shares             sold         retained
   exercised
    ----------       ---------       ---------        ---------        ---------
     120,251          259.73p       735.1017p         (76,591)          43,660
     154,489          266.74p       735.1017p         (98,398)          56,091
      34,516          286.68p       735.1017p         (21,984)          12,532
      34,795          305.90p       735.1017p         (22,162)          12,633
      43,145          364.46p       735.1017p         (27,480)          15,665
    ----------       ---------       ---------        ---------        ---------
     387,196                                         (246,615)         140,581
    ----------       ---------       ---------        ---------        ---------

Following this exercise, Mr Hughes' share interests in the Company are:

                               Shares                              Shares under
                       ----------------                                option
                                                               ----------------
                              468,103                                 834,030




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