Mitchells & Butlers PLC 12 July 2004 DIRECTORS' INTERESTS The Company's Employee Benefit Trust ("the Trust") holds a balance of 2,568,919 Mitchells & Butlers ordinary shares following: - the exercise of options by non-directors over 193,177 shares; and - the acquisition by the Trust on 9 July 2004 of 521,387 shares at £2.776263 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