Holding(s) in Company

16 April 2003

NO: 371

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

On 16 April 2003 Jupiter Asset Management Limited confirmed that, following a
recent transaction, its total notifiable interest in the ordinary shares of
Pendragon decreased to 4,207,776 shares, representing 7.90% of the total issued
share capital of Pendragon.

HILARY C SYKES

16 April 2003