Mitchells & Butlers PLC 12 December 2005 12 December 2005 Directors' Interests SHORT TERM DEFERRED INCENTIVE PLAN The second 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 on Friday, 9 December 2005. Accordingly, shares have been transferred from the Mitchells & Butlers Employee Benefit Trust (the "Trust"), net of tax and NI liabilities, to directors as follows: Director Number of Total number of shares shares held after this award Mike Bramley 10,217 115,124 Tim Clarke 15,719 556,586 Tony Hughes 10,217 133,215 Karim Naffah 11,004 246,717 Following these releases and share option exercises by non-directors, the balance in the Trust is 691,716 Mitchells & Butlers 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. Victoria M Penrice 0121 498 6514 This information is provided by RNS The company news service from the London Stock Exchange