Transaction in Own Shares

Mitchells & Butlers PLC
12 January 2005

12 January 2005

                            Mitchells & Butlers plc



                           Purchase of Own Securities



Mitchells & Butlers plc announces that on 12 January 2005 it purchased 250,000
of its ordinary shares at a price of 328.815 pence per ordinary share.  125,000
of these shares will be held as treasury shares and 125,000 shares will be
cancelled.



The total number of Mitchells & Butlers shares in issue (after cancellation of
125,000 shares and excluding treasury shares) is 521,581,299.  Following the
above purchase, Mitchells & Butlers plc holds 1,192,741 ordinary shares as
treasury shares.



It is intended that the shares held as treasury shares will be used to meet
obligations of Mitchells & Butlers under employee share option schemes.



ENDS



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