Mitchells & Butlers PLC 08 December 2006 8 December 2006 Directors' Interests SHORT TERM DEFERRED INCENTIVE PLAN The second tranche of shares (equivalent to one third of the conditional award made in respect of the 2003/04 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 Total number of shares shares held after this award Mike Bramley 18,537 412,171 Tim Clarke 35,275 790,348 Tony Hughes 23,171 317,305 Karim Naffah 24,900 321,655 EMPLOYEE BENEFIT TRUST The Employee Benefit Trust (the "Trust") yesterday purchased 140,000 Mitchells & Butlers ordinary shares at a price of 722.4p per share. Following this transaction and the releases referred to above, the balance in the Trust is 1,014,151 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