Mitchells & Butlers PLC 21 May 2007 21 May 2007 Mitchells & Butlers plc Further to press speculation yesterday Mitchells & Butlers confirms that, following a comprehensive review of options for its freehold and long leasehold properties, it is exploring the possibility of a 50:50 joint venture on the majority of its property assets. A number of third parties have been approached, and negotiations are proceeding with R20, the investment vehicle of Robert Tchenguiz, although there can be no certainty that any transaction will be forthcoming. Enquiries: Finsbury Group 020 7251 3801 James Murgatroyd This information is provided by RNS The company news service from the London Stock Exchange