Mitchells & Butlers PLC 10 December 2004 10 December 2004 Directors' Interests SHORT TERM DEFERRED INCENTIVE PLAN The first tranch of shares (equivalent to one third of the conditional award made in respect of the 2002/03 annual bonus) under the Short Term Deferred Incentive Plan was released yesterday. Accordingly, shares have been transferred from the Mitchells & Butlers Employee Benefit Trust, net of tax and NI liabilities, to directors as follows: Director Number of shares Total number of shares held after this award Mike Bramley 10,217 47,054 Tim Clarke 15,720 427,069 Tony Hughes 10,217 61,921 Karim Naffah 11,004 59,631 Following this award, and the exercise of share options by non-directors, the Mitchells & Butlers Employee Benefit Trust is interested in 2,194,315 Mitchells & Butlers plc shares. The executive directors of the Company, Mike Bramley, Tim Clarke, Tony Hughes and Karim Naffah, are technically deemed to be interested in these shares as potential beneficiaries under the Trust. M J N Bridge Deputy Secretary 0121 498 4526 This information is provided by RNS The company news service from the London Stock Exchange