Transaction in Own Shares

Mitchells & Butlers PLC
02 February 2005



Mitchells & Butlers plc announces that on 2 February 2005 it purchased 200,000
of its ordinary shares at a price of 327.2314 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 519,115,676. Following the
above purchase, Mitchells & Butlers plc holds 2,308,364 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.


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