Mitchells & Butlers PLC 01 March 2005 TREASURY SHARES Mitchells & Butlers announces that following the exercise of share options by non-directors over 186,221 shares, it now holds 2,818,927 ordinary shares as treasury shares. The total number of Mitchells & Butlers shares in issue, excluding treasury shares, is now 516,050,113. For reporting purposes under Section 198 of the Companies Act 1985, the market should exclude any shares held in treasury. Mike Bridge Head of Company Secretariat This information is provided by RNS The company news service from the London Stock Exchange