Mitchells & Butlers PLC 04 December 2006 4 December 2006 Directors' Interests Executive Share Options The Executive Directors of the Company, Tim Clarke, Karim Naffah, Mike Bramley and Tony Hughes, today increased their holdings in the Company's shares through the exercise of Executive Share Options. The Executive Directors sold only sufficient of the shares under option, in order to finance the costs of exercise, including the resultant tax and National Insurance liabilities arising on exercise. Details of the exercise are shown in the table below: No. of shares Market No. of under option Exercise value No. of shares exercised price shares shares sold retained ________________________________________________________________________________ Tim Clarke 456,620 219p 694.4218p (272,860) 183,760 Karim Naffah 9,185 364.46p 694.4218p (21,947) 10,620 23,382 286.68p 694.4218p Mike Bramley 296,800 219p 694.4218p (371,732) 234,045 101,044 259.73p 694.4218p 131,942 266.74p 694.4218p 69,311 286.68p 694.4218p 1,948 305.90p 694.4218p 4,732 364.46p 694.4218p Tony Hughes 296,800 219p 694.4218p (173,503) 123,297 Following this exercise, the Executive Directors' share interests in the Company are: Shares Shares under option ________________________________________________________________________________ Tim Clarke 755,073 1,747,258 Karim Naffah 296,755 1,368,728 Mike Bramley 393,634 834,030 Tony Hughes 294,134 1,221,226 This information is provided by RNS The company news service from the London Stock Exchange