TR-1: Standard form for notification of major holdings
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Mitchells & Butlers plc | |||||
| 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
| Non-UK issuer | ||||||
| 2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
| An acquisition or disposal of voting rights | X | |||||
| An acquisition or disposal of financial instruments | ||||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify)iii: | ||||||
| Name | Piedmont Inc. | |||||
| City and country of registered office (if applicable) | New Providence, Bahamas | |||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reachedvi: | 06/02/18 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 08/02/18 | |||||
| 7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | Total of both in % (8.A + 8.B) | |||||
| Resulting situation on the date on which threshold was crossed or reached | 27.16 | N/A | 27.16 | 428,008,533 | ||
| 26.34 | N/A | 26.34 | ||||
| A: Voting rights attached to shares | |||||||||
| % of voting rights | |||||||||
| GB00B1FP6H53 | 116,234,517 | 27.16 | |||||||
| SUBTOTAL 8. A | 116,234,517 | 27.16 | |||||||
| B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
| Type of financial instrument | % of voting rights | ||||||||
| SUBTOTAL 8. B 1 | |||||||||
| B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
| Type of financial instrument | Physical or cash | Number of voting rights | % of voting rights | ||||||
| SUBTOTAL 8.B.2 | |||||||||
| X | ||||
| % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | ||
| Piedmont Inc. | 27.16 | 0.00 | 27.16 | |
| 10. In case of proxy voting, please identify: | ||||
| Name of the proxy holder | N/A | |||
| The number and % of voting rights held | N/A | |||
| The date until which the voting rights will be held | N/A | |||
| Allotment of shares via the Scrip Dividend alternative in respect of the final dividend for the year ended 30 September 2017 | ||||
| Place of completion | New Providence, Bahamas |
| Date of completion | 08/02/2018 |





