TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):

Mitchells & Butlers plc

2. Reason for the notification (please state Yes/No): ( )

An acquisition or disposal of voting rights: Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments: No

An event changing the breakdown of voting rights: No

Other (please specify) : No

3. Full name of person(s) subject to the notification obligation (iii):

Elpida Group Limited

4. Full name of shareholder(s) (if different from 3.) (iv):

5. Date of the transaction (and date on which the threshold is crossed or reached) (v):

4 November 2010

6. Date on which issuer notified:

8 November 2010

7. Threshold(s) that is/are crossed or reached (vi, vii) ):

18%

8. Notified details:

……………..

A: Voting rights attached to shares (viii, ix)

Class/type of shares if possible using the ISIN CODE
Situation previous to the Triggering transaction
GB00B1FP6H53
71,694,429
71,694,429

Resulting situation after the triggering transaction

Class/type of shares if possible using the ISIN CODE
GB00B1FP6H53
73,750,441
73,750,441
18.03%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Number of voting rights that may be acquired if the instrument is exercised/ converted

C: Financial instruments with similar economic effect to Qualifying Financial Instruments (xv, xvi)

Resulting situation after the triggering transaction

Exercise price
Expiration date (xvii)
Exercise/ conversion period (xviii)
Number of voting rights instrument refers to
% of voting rights (xix, xx)
Nominal
Delta

Total (A+B+C)

73,750,441
18.03%

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Lenz Staehelin

Mr Dominique Rochat

15. Contact telephone number:

0041 22 318 7000