21 December 2017


Mitchells & Butlers plc

LEI no. 213800JHYNDNB1NS2W10


Announcement of Scrip Reference Share Price


Mitchells & Butlers plc (the 'Company') announced on 23 November 2017 that it would be offering a scrip dividend alternative in respect of the final dividend for the year ended 30 September 2017 of 5.0p per share payable on 6 February 2018.


The Scrip Reference Share Price which will be used in calculating the entitlement of those who have elected for the scrip dividend alternative is 264.4p.  This figure is based on the average of the closing middle market quotations for the Company's ordinary shares, as derived from the London Stock Exchange Daily Official List, for the five business days commencing on the ex-dividend date of 14 December 2017.


Shareholders who hold share certificate(s) will need to complete a Scrip Dividend Mandate Form, which can be found on our website www.mbplc.com or by contacting Equiniti on 0371 384 2065.  The completed Scrip Dividend Mandate form should be returned to the registrars no later than 5pm on 16 January 2018.



Shareholders who do not hold their shares in CREST and who have already submitted a Scrip Dividend Mandate form do not need to submit a new mandate form. The existing Mandate form will continue in force for those shareholders who do not hold shares in CREST unless and until notice of cancellation is received by the Company's registrars not less than 15 working days before the date on which the dividend is to be paid.