The Share Incentive Plan (SIP) is an HMRC tax-advantaged allemployee Share Plan that allows qualifying UK employees to be awarded Free Shares, and also allows them the opportunity to buy company shares (known as Partnership Shares) up to a certain limit (being £1,800 each tax year, or 10% of your gross income for the tax year, whichever is lower), in both cases free of Income Tax and NICs.

No, if you are already investing in Partnership Shares your deductions will continue. There is no need to re-apply.

Yes. Your chosen investment amount (or a maximum of 10% of your income for the tax year) will be deducted from your pre-tax salary each pay period.

You will be paid any dividends due on the shares that are held in the Trust, and you will be able to instruct the Trustee on how to vote at Mitchells & Butlers plc General Meetings. Details will be sent to you at the appropriate time.

To ensure your changes are applied before your next pay day please make sure you amend your investment 15 days prior to your usual pay date.

Any funds deducted from your pay and not invested in Partnership Shares at the date of leaving will be returned to you through payroll subject to deduction of Income Tax and NICs.

Find your current and historical holdings by logging into the Equiniti Limited (Equiniti) Employee Share Plans Portal (ESP Portal) as well as view any other Share Plans and Ordinary Shares you may own.

To change, stop or restart your investment, please log into the Employee Share Plans Portal and go to the Share Incentive Plan section and select Manage My Contributions. To ensure your changes are applied before your next payday, please make sure you amend your investment 15 days prior to your usual pay date. If you are already investing in Partnership Shares your deductions will continue, unless you decide to make any changes.

The number of Mitchells & Butlers plc shares bought for you every four weeks will depend upon the amount of your four-weekly contribution and the market value of Mitchells & Butlers plc shares at the time of purchase. Any unused money will be carried forward and added to your next investment.

Upon leaving the Company, Partnership Shares will be released from the Trust. If you leave the employment of the Mitchells & Butlers Group by reason of retirement*, injury*, disability*, redundancy, sale of the business or company which you work for or if you die, then your Partnership Shares will be released to you or your personal representatives, free of Income Tax and NICs.

If you leave for any other reason, Partnership Shares will be released to you and may, (depending on the length of time you have held them), be subject to Income Tax and NICs. Any funds deducted from your pay and not invested in Partnership Shares at the date of leaving will be returned to you through payroll subject to deduction of Income Tax and NICs. Capital Gains Tax may be applicable when you sell your shares other than if these are sold immediately on release from the Trust.

Deductions from your pay to buy Partnership Shares may affect your entitlement to, or the level of, some contributory benefits such as statutory maternity pay and statutory sick pay. The effect is particularly significant if your earnings are brought below the lower earnings limit for National Insurance purposes. Further information can be obtained from HM Revenue & Customs, or from the Department for Work & Pensions.

* These reasons must either fall within the Company’s policy on retirement, injury or disability or be agreed in advance with the Company.

We have provided a scheme comparison to help you decide which scheme is best for you