Mitchells & Butlers Regulatory News (MAB)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Phil Urban

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mitchells & Butlers plc

b)

LEI

213800JHYNDNB1NS2W10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares in Mitchells & Butlers plc (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted on 31 January 2024 in respect of the FY 2024-2026 performance cycle for the Performance Share Plan.

This option will be exercisable for the ninety day period following the end of the performance cycle, subject to the satisfaction of performance conditions, details of which have been disclosed in the 2023 annual report on Directors Remuneration and can be found on the Company's website. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend equivalent shares that may be received by the participant in respect of any Shares that vest under the option). Vested shares are subject to a two year holding period.

c)

Price(s) and volume(s)

The option is granted over a maximum of 467,307 Shares. The share price used to determine the number of Shares under option was £2.60 per Share (being the middle market quotation of a Share for the business day prior to the grant date).

No amount was payable on the grant of the option.

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

31 January 2024

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tim Jones

2

Reason for the notification

a)

Position/status

Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mitchells & Butlers plc

b)

LEI

213800JHYNDNB1NS2W10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares in Mitchells & Butlers plc (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted on 31 January 2024 in respect of the FY 2024-2026 performance cycle for the Performance Share Plan.

This option will be exercisable for the ninety day period following the end of the performance cycle, subject to the satisfaction of performance conditions, details of which have been disclosed in the 2023 annual report on Directors Remuneration and can be found on the Company's website. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend equivalent shares that may be received by the participant in respect of any Shares that vest under the option). Vested shares are subject to a two year holding period.

c)

Price(s) and volume(s)

The option is granted over a maximum of 390,769 Shares. The share price used to determine the number of Shares under option was £2.60 per Share (being the middle market quotation of a Share for the business day prior to the grant date).

No amount was payable on the grant of the option.

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

31 January 2024

f)

Place of the transaction

London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Freeman

2

Reason for the notification

a)

Position/status

PDMR

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Mitchells & Butlers plc

b)

LEI

213800JHYNDNB1NS2W10

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares in Mitchells & Butlers plc (Shares)

GB00B1FP6H53

b)

Nature of the transaction

Option granted on 31 January 2024 in respect of the FY 2024-2026 performance cycle for the Performance Share Plan.

This option will be exercisable for the ninety day period following the end of the performance cycle, subject to the satisfaction of performance conditions, details of which have been disclosed in the 2023 annual report on Directors Remuneration and can be found on the Company's website. The maximum Share entitlement on satisfaction of the performance conditions in full is shown in (c) below (excluding any dividend equivalent shares that may be received by the participant in respect of any Shares that vest under the option).

c)

Price(s) and volume(s)

The option is granted over a maximum of 103,707 Shares. The share price used to determine the number of Shares under option was £2.60 per Share (being the middle market quotation of a Share for the business day prior to the grant date).

No amount was payable on the grant of the option.

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

31 January 2024

f)

Place of the transaction

London Stock Exchange