Mitchells & Butlers PLC 23 July 2004 DIRECTORS' INTERESTS The Company's Employee Benefit Trust ("the Trust") holds a balance of 3,782,322 Mitchells & Butlers ordinary shares following: - the exercise of an option by a non-director over 1,948 shares; and - the acquisition by the Trust on 23 July 2004 of 757,177 shares at £2.658797 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