Holding(s) in Company

Mitchells & Butlers PLC
23 October 2007



TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Mitchells & Butlers plc

2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: No

An event changing the breakdown of voting rights: No

Other (please specify) : No

3. Full name of person(s) subject to the notification obligation (iii):
ING Bank NV

4. Full name of shareholder(s) (if different from 3.) (iv):
n/a

5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
19 October 2007

6. Date on which issuer notified:
23 October 2007

7. Threshold(s) that is/are crossed or reached:
3% thresholds

8. Notified details:
Holding of 5.32%

A: Voting rights attached to shares

Class/type of shares if possible using    Situation previous to the Triggering
the ISIN CODE                                       transaction (vi)
                                        Number of      Number of voting Rights
                                        shares         (viii)
GB00B1FP6H53                            Below 3%       Below 3%

Resulting situation after the triggering transaction (vii)

Class/type of shares if possible Number of  Number of voting     % of voting
using the ISIN CODE              shares     rights (ix)          rights
                                 Direct     Direct (x) Indirect  Direct Indirect
                                                       (xi)
GB00B1FP6H53                     21,425,001 21,425,001 n/a       5.32%  n/a

B: Financial Instruments
Resulting situation after the triggering transaction (xii)

Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   Date       Conversion      be acquired if the instrument is  voting
instrument  (xiii)     Period/ Date    exercised/ converted.             rights
                       (xiv)


Total (A+B)
Number of voting rights                      % of voting rights
21,425,001                                   5.32%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
.................

Proxy Voting:

10. Name of the proxy holder:
n/a

11. Number of voting rights proxy holder will cease to hold:
n/a

12. Date on which proxy holder will cease to hold voting rights:
n/a

13. Additional information:
The position has arisen through a combination of a hedged CFD written on behalf
of ING Bank NV's underlying client (5,725,000) a proprietary position of 250,000
plus a borrow of 15,450,001.

14. Contact name:
Angela Ulyatt

15. Contact telephone number:
020 7767 6340




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