Treasury Stock

Mitchells & Butlers PLC
29 November 2007



                            Mitchells & Butlers plc

                                TREASURY SHARES

The Company holds a balance of 715,677 Mitchells & Butlers ordinary shares as
treasury shares following the exercise of savings related options over 2,164
shares at 209p per share.

As a result of the above, the number of shares in issue, excluding shares held
in treasury is 403,064,016 ordinary shares.


Rachel Benjamin
Assistant Company Secretary




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