Mitchells & Butlers PLC 19 July 2004 DIRECTORS' INTERESTS The Company's Employee Benefit Trust ("the Trust") holds a balance of 3,027,093 Mitchells & Butlers ordinary shares following: - the exercise of options by non-directors over 76,826 shares; and - the acquisition by the Trust on 16 July 2004 of 535,000 shares at £2.76375 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