Director Shareholding

Mitchells & Butlers PLC
10 December 2003

10 December 2003

                       Short Term Deferred Incentive Plan

Under the terms of the Company's Short Term Deferred Incentive Plan, the
Directors have been awarded on 9 December 2003, annual bonuses in respect of the
year to 30 September 2003 comprising ordinary shares in the Company (the 'Bonus
Shares').

Matching shares (the 'Matching Shares') have also been awarded on the basis of
one matching share for every two Bonus Shares.  Conditional upon the Director
remaining in employment, these shares will be released in three equal tranches
on the first, second and third anniversary of the award date.


Name              Bonus     Matching      Total Shares         First Release
                 Shares       Shares           Awarded                  Date

Mike Bramley     34,687       17,343            52,030       9 December 2004
Tim Clarke       53,365       26,682            80,047       9 December 2004
Tony Hughes      34,687       17,343            52,030       9 December 2004
Karim Naffah     37,356       18,678            56,034       9 December 2004


M J N Bridge
Deputy Secretary
0121 498 4526


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