Treasury Stock

Mitchells & Butlers PLC
27 July 2005


                                TREASURY SHARES

Mitchells & Butlers announces that following the exercise of share options by
non-directors over 181,208 shares, it now holds 2,240,000 ordinary shares as
treasury shares. The total number of Mitchells & Butlers shares in issue,
excluding treasury shares, is now 503,964,040.

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

M J N Bridge
Deputy Secretary








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