Mitchells & Butlers PLC 15 December 2006 15 December 2006 Directors' Interests Executive Share Options Executive Director Tony Hughes, today increased his holding in the Company's shares through the exercise of Executive Share Options. Mr Hughes 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 Exercise Market value No. of shares No. of shares under option price shares sold retained exercised ---------- --------- --------- --------- --------- 120,251 259.73p 735.1017p (76,591) 43,660 154,489 266.74p 735.1017p (98,398) 56,091 34,516 286.68p 735.1017p (21,984) 12,532 34,795 305.90p 735.1017p (22,162) 12,633 43,145 364.46p 735.1017p (27,480) 15,665 ---------- --------- --------- --------- --------- 387,196 (246,615) 140,581 ---------- --------- --------- --------- --------- Following this exercise, Mr Hughes' share interests in the Company are: Shares Shares under ---------------- option ---------------- 468,103 834,030 This information is provided by RNS The company news service from the London Stock Exchange