Holding(s) in Company

17 September 2003

NO: 401

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

As a result of the reduction of Pendragon's issued share capital following
Pendragon's share buy back announced on 11 September and 12 September 2003, the
following percentage holdings of total issued share capital of Pendragon PLC
have changed.

Fidelity International Limited (last reported holding of 18,227,358 Pendragon
ordinary shares) now represents 13.90% of Pendragon's issued share capital.

Standard Life Investments Limited (last reported holding of 7,925,639 Pendragon
ordinary shares) now represents 6.04% of Pendragon's issued share capital.

Jupiter Asset Management Limited (last reported holding of 7,644,440 Pendragon
ordinary shares) now represents 5.83% of Pendragon's issued share capital.

Schroder Investment Management Limited (last reported holding of 5,714,737
Pendragon ordinary shares) now represents 4.36% of Pendragon's issued share
capital.

HILARY C SYKES

17 September 2003

                                    - ENDS-