Mitchells & Butlers PLC 29 September 2006 29 September 2006 Mitchells & Butlers plc Special Dividend and Share Consolidation On 15 September 2006, the Board of Mitchells & Butlers plc confirmed its intention to return approximately £486 million to shareholders by way of a special dividend of £1 per existing ordinary share (the "Special Dividend"). It also confirmed its proposal that the Special Dividend would be accompanied by a proportional consolidation of the Company's ordinary share capital to allow comparability of the share price and dividend per share before and after the Special Dividend. Subject to shareholder approval, for every 41 existing ordinary shares shareholders will receive 34 new ordinary shares and the Special Dividend. The ratio used for the purposes of calculating the share consolidation has been determined by reference to the closing mid-market price of 591 pence per existing ordinary share on 28 September 2006, the latest practicable date prior to publication of a circular to shareholders. An Extraordinary General Meeting to approve the share consolidation will take place on 17 October 2006 and the circular containing the notice of the meeting will be posted to shareholders on 30 September 2006. The record date for the Special Dividend and the share consolidation is 6.00pm on 17 October 2006. The Special Dividend is expected to be paid to shareholders on 25 October 2006. For further information, please contact: Investor Relations Kate Holligon 0121 498 5092 Media Finsbury Group - James Murgatroyd 020 7251 3801 This information is provided by RNS The company news service from the London Stock Exchange