Transaction in Own Shares

Mitchells & Butlers PLC
14 February 2005





Mitchells & Butlers plc announces that on 14 February 2005 it purchased 300,000
of its ordinary shares at a price of 340.9295 pence per ordinary share. 150,000
of these shares will be held as treasury shares and 150,000 shares will be
cancelled.



The total number of Mitchells & Butlers shares in issue (after cancellation of
150,000 shares and excluding treasury shares) is 517,778,892. Following the
above purchase, Mitchells & Butlers plc holds 2,805,148 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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