Holding(s) in Company

28 November 2002

NO: 342

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

On 28 November 2002 Jupiter Asset Management Limited confirmed that, following
recent transactions, its total notifiable interest in the ordinary shares of
Pendragon has decreased to 4,733,276 shares, representing 8.43% of the total
issued share capital of Pendragon.

HILARY SYKES

28 November 2002

                                    -ENDS-