Holding(s) in Company

Mitchells & Butlers PLC
25 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):
24 October 2007

6. Date on which issuer notified:
25 October 2007

7. Threshold(s) that is/are crossed or reached:
Reduction below 4%

8. Notified details:
Holding of 3.02%

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                            21,425,001     21,425,001

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                     12,150,001 12,150,001 n/a       3.02%  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
12,150,001                                   3.02%

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 (5,800,000) a proprietary position of 250,000
plus a borrow of 6,100,001.

14. Contact name:
Angela Ulyatt

15. Contact telephone number:
020 7767 6340




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