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All Bar One, Finsbury Pavement, LondonBulls Head, Vintage Inn/Innkeeper’s Lodge, Meriden, CoventryToby Carvery, Quinton, BirminghamWoodmans Rest, Ember Inn, Shirley, Solihull

This report was released on 29 May 2003, mailed to shareholders and uploaded on www.mbplc.com the same day.

The Mitchells & Butlers group was created on its separation from Six Continents on 15 April 2003. Pro forma financial statements for the 28 weeks to 12 April 2003 are presented in this report. These pro forma financial statements show the underlying performance of the Group as if it had been in existence as an independent company since 1 October 2001.

The financial statements presented in this report are for the Six Continents group for the six months to 31 March 2003. Due to its subsequent separation, Mitchells & Butlers is disclosed as a discontinued operation in these financial statements in accordance with relevant accounting standards.

Basis of preparation of the financial highlights as set out in note 1 to the pro forma financial statements.

© 2003 Mitchells & Butlers plc