Exercise of an option over 395,160 shares on 27 July 2026 arising on the vesting of an award under the Mitchells & Butlers Performance Share Plan, followed by the sale of 268,818 shares on 27 July 2026. These transactions relate to the sale of shares from buy-out awards made to Emma Harris in respect of remuneration forfeited on leaving her previous employer (as disclosed in the 2025 Annual Report & Accounts) and in part relates to the sale of shares to cover relevant tax and national insurance liabilities. of 2 shares at £

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Emma Harris

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

GB00B1FP6H53

b)

Nature of the transaction

Exercise of an option over 395,160 shares on 27 July 2026 arising on the vesting of an award under the Mitchells & Butlers Performance Share Plan, followed by the sale of 268,818 shares on 27 July 2026. These transactions relate to the sale of shares from buy-out awards made to Emma Harris in respect of remuneration forfeited on leaving her previous employer (as disclosed in the 2025 Annual Report & Accounts) and in part relates to the sale of shares to cover relevant tax and national insurance liabilities.

The remainder of the shares after disposal will be retained and held by the director concerned in accordance with the Company's Shareholding Policy.  The retained shares are also subject to post-cessation holding requirements as detailed in the Company's Remuneration Policy.

c) 

Price(s) and volume(s) 

d)

Aggregated information 

- Aggregated volume 

- Price 

N/A (single transaction)

e) 

Date of the transaction 

27 July 2026

f)

Place of the transaction 

London Stock Exchange