Mitchells & Butlers announces the disposal of Hollywood Bowl at a value of £39m.

The Company has sold all the operations and leasehold interests of Hollywood Bowl to AMF Bowling for a gross cash consideration of £27m.  This transaction is expected to complete on 13 August 2010.

The Board will also sell the remaining freehold property interests in four of the sites for at least £12m in due course.

Commenting on the transaction Adam Fowle, Chief Executive, said:

"This further disposal of non core assets is another important step towards focusing the business on our market leading growth brands."

For further information please contact:

- Hollywood Bowl operates 24 tenpin bowling sites in the UK.