Holding(s) in Company

16 December 2002

NO: 347

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

As a result of the reduction of Pendragon's issued share capital following
Pendragon's share buy back announced on 16 December 2002, the following
percentage holdings on the total issued share capital of Pendragon PLC have
changed.

Fidelity International Limited (last reported holding of 7,240,677 Pendragon
ordinary shares) now represents 13.01% of Pendragon's issued share capital.

Jupiter Asset Management Limited (last reported holding of 4,733,276 Pendragon
ordinary shares) now represents 8.50% of Pendragon's issued share capital.

Standard Life Investments Limited (last reported holding of 3,294,053 Pendragon
ordinary shares) now represents 5.92% of Pendragon's issued share capital.

Schroder Institutional UK (last reported holding of 2,452,600 Pendragon
ordinary shares) now represents 4.41% of Pendragon's issued share capital.

Unicorn Asset Management Limited (last reported holding of 1,958,553 Pendragon
ordinary shares) now represents 3.52% of Pendragon's issued share capital.

Legal and General Investment Management Limited (last reported holding of
1,878,994 Pendragon ordinary shares) now represents 3.37% of Pendragon's issued
share capital.

Prudential and Scottish Amicable Funds (last reported holding of 1,700,000
Pendragon ordinary shares) now represents 3.05% of Pendragon's issued share
capital.

HILARY C SYKES

16 December 2002

                                    - ENDS-