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Disposal of 102 pubs

Mitchells & Butlers is pleased to announce that it has today exchanged contracts for the disposal of 102 of its smaller, community pubs to Trust Inns Ltd, a private company, for £101m. In the 12 months to 5 August 2006 the pubs generated EBITDA of £10.2m. The transaction is expected to complete on 11 October 2006.

Following completion, Mitchells & Butlers will provide certain services to Trust Inns Ltd to support the pubs for up to nine months.

For further information please contact:

Mitchells & Butlers plc

Kate Holligon – Investor Relations

0121 498 5092

Simon Ward – Media

07774 907 024

James Murgatroyd – Finsbury Group

0207 251 3801

Trust Inns Ltd

David Rydell – Bell Pottinger Corp. & Financial

0207 861 3232

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