Mitchells & Butlers PLC 23 October 2007 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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: 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): ING Bank NV 4. Full name of shareholder(s) (if different from 3.) (iv): n/a 5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v): 19 October 2007 6. Date on which issuer notified: 23 October 2007 7. Threshold(s) that is/are crossed or reached: 3% thresholds 8. Notified details: Holding of 5.32% A: Voting rights attached to shares Class/type of shares if possible using Situation previous to the Triggering the ISIN CODE transaction (vi) Number of Number of voting Rights shares (viii) GB00B1FP6H53 Below 3% Below 3% Resulting situation after the triggering transaction (vii) Class/type of shares if possible Number of Number of voting % of voting using the ISIN CODE shares rights (ix) rights Direct Direct (x) Indirect Direct Indirect (xi) GB00B1FP6H53 21,425,001 21,425,001 n/a 5.32% n/a B: Financial Instruments Resulting situation after the triggering transaction (xii) Type of Expiration Exercise/ Number of voting rights that may % of financial Date Conversion be acquired if the instrument is voting instrument (xiii) Period/ Date exercised/ converted. rights (xiv) Total (A+B) Number of voting rights % of voting rights 21,425,001 5.32% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): ................. Proxy Voting: 10. Name of the proxy holder: n/a 11. Number of voting rights proxy holder will cease to hold: n/a 12. Date on which proxy holder will cease to hold voting rights: n/a 13. Additional information: The position has arisen through a combination of a hedged CFD written on behalf of ING Bank NV's underlying client (5,725,000) a proprietary position of 250,000 plus a borrow of 15,450,001. 14. Contact name: Angela Ulyatt 15. Contact telephone number: 020 7767 6340 This information is provided by RNS The company news service from the London Stock Exchange