Treasury Shares

Mitchells & Butlers PLC
01 March 2005


                                TREASURY SHARES

Mitchells & Butlers announces that following the exercise of share options by
non-directors over 186,221 shares, it now holds 2,818,927 ordinary shares as
treasury shares. The total number of Mitchells & Butlers shares in issue,
excluding treasury shares, is now 516,050,113.

For reporting purposes under Section 198 of the Companies Act 1985, the market
should exclude any shares held in treasury.

Mike Bridge
Head of Company Secretariat






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