Mitchells & Butlers PLC 24 January 2008 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): Axa S.A., 25 Avenue Matignon, 75008 Paris and its group of companies 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 if different) (v): 22 January 2008 6. Date on which issuer notified: 24 January 2008 7. Threshold(s) that is/are crossed or reached: 10% 8. Notified details: ................. A: Voting rights attached to shares Class/type of shares if Situation previous to the Triggering transaction (vi) possible using the ISIN CODE Number of shares Number of voting Rights (viii) GB00B1FP6H53 40,097,439 40,097,439 Resulting situation after the triggering transaction (vii) Class/type of shares if Number of Number of voting rights % of voting possible using the ISIN shares (ix) rights CODE Direct Direct (x) Indirect Direct Indirect (xi) GB00B1FP6H53 7,273,217 7,273,217 33,666,363 1.80% 8.34% 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 40,939,580 10.15% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv): Name of company/fund Number of % of issued shares share capital AXA Sun Life plc (formerly Axa Equity & Law Life Assurance Society plc) Direct 425,898 0.10566 Sun Life Unit Assurance Ltd a/c X Direct 125,219 0.03107 Sun Life Unit Assurance Ltd a/c X Direct 766,828 0.19004 Sun Life Unit Assurance Ltd a/c X Direct 1,492,682 0.36993 AXA UK Investment Co ICVC Distribution Fund Indirect 75,000 0.01859 AXA UK Investment Co ICVC Extra Income Fund Indirect 20,000 0.00496 AXA UK Investment Co ICVC UK Equity Income Fund Indirect 81,818 0.02028 PPP Healthcare Group plc Direct 18,880 0.00468 Sun Life Pensions Management Ltd Direct 135,000 0.03346 Sun Life Pensions Management Ltd a/c Direct 597,073 0.14797 Sun Life Assurance Society Plc Direct 210,190 0.05209 Axa Insurance UK Direct 67,400 0.01670 AXA Financial, Inc Indirect 33,270,396 8.24545 Sun Life International (IOM) Ltd Direct 500,000 0.12392 AXA France Indirect 13,355 0.00331 AXA Financial Inc. Indirect 202,938 0.05029 Sun Life Pensions Management Ltd Direct 17,014 0.00422 Sun Life Pensions Management Ltd Direct 2,182 0.00054 Sun Life Unit Assurance Ltd LTAV UK Equity Direct 80,135 0.01986 Sun Life Unit Assurance Ltd ABL High Alpha Direct 208,000 0.05155 Sun Life Unit Assurance Ltd FTSE All Share Tracker Direct 68,496 0.01698 Sun Life Pensions Management LTAV UK Equity Direct 360,190 0.08927 Sun Life Pensions Management ABL High Alpha Direct 1,328,141 0.32915 Sun Life Pensions Management FTSE All Share Tracker Direct 350,798 0.08694 Framlington onshore private clients Indirect 2,856 0.00071 AXA Winterthur Direct 104,345 0.02586 Axa Sun Life With Profits Passive Direct 272,941 0.06764 Axa Sun Life With Profits Passive Direct 141,805 0.03514 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: Terry Marsh 15. Contact telephone number: 020 7003 2637 This information is provided by RNS The company news service from the London Stock Exchange