Transaction in Own Shares

Mitchells & Butlers PLC
13 January 2005

13 January 2005

                            Mitchells & Butlers plc

                           Purchase of Own Securities

Mitchells & Butlers plc announces that on 13 January 2005 it purchased 200,000
of its ordinary shares at a price of 329.6563 pence per ordinary share.  100,000
of these shares will be held as treasury shares and 100,000 shares will be
cancelled.

The total number of Mitchells & Butlers shares in issue (after cancellation of
100,000 shares and excluding treasury shares) is 521,406,073.  Following the
above purchase, Mitchells & Butlers plc holds 1,267,967 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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