30 June 2016

MITCHELLS & BUTLERS PLC

NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

Performance Restricted Share Plan ("PRSP")

Option Grant

The following PRSP options were granted to Directors and Persons Discharging Managerial Responsibilities ("PDMRs") on 29 June 2016 in respect of the FY 2016-2018 performance cycle for the PRSP. The calculations for the awards were based on a share price of 267.70p.

These options will be exercisable for the two year period following the end of the performance cycle, subject to the satisfaction of performance conditions and on payment of the option exercise price of a nominal £1. The maximum entitlements on satisfaction of the performance conditions in full are shown in the table below:

Director
Phil Urban
381,022
Timothy Jones
223,048
PDMR
Susan Chappell
67,000
Nick Crossley
67,000
Dennis Deare
67,000
Chris Hopkins
73,962
Gary John
84,048
Susan Martindale
80,686
Greg McMahon
74,802
Rob Pitcher
67,000

Denise Burton

Deputy Company Secretary

0121 498 6514