Mitchells & Butlers PLC 05 July 2004 DIRECTORS' INTERESTS The Company's Employee Benefit Trust ("the Trust") holds a balance of 2,240,709 Mitchells & Butlers ordinary shares following: - the exercise on 29 June 2004 of an option by an employee who is not a director over 86,291 shares at a price of £2.1447 per share; and - the acquisition by the Trust on 2 July 2004 of 290,000 shares at £2.75 per share. The executive directors of the Company, M.L.Bramley, T.Clarke, A.Hughes and K.Naffah, as potential beneficiaries under the Trust are technically deemed to be interested in the above balance. M J N Bridge Deputy Secretary This information is provided by RNS The company news service from the London Stock Exchange