Holding(s) in Company

27 November 2002

NO: 341

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

On 27 November 2002 Standard Life Investments Limited confirmed that, following
a transaction on 26 November 2002, its total notifiable interest in the
ordinary shares of Pendragon has decreased to 3,294,053 shares, representing
5.86% of the total issued share capital of Pendragon.

HILARY SYKES

27 November 2002

                                    -ENDS-