Holding(s) in Company

28 May 2004

NO: 434

                          PENDRAGON PLC ('Pendragon')                          

On 28 May 2004 Schroder Investment Management Limited confirmed that, following
a recent transaction its total notifiable interest in the ordinary shares in
Pendragon has decreased to 6,806,453 shares, representing 5.19% of Pendragon's
issued share capital.

HILARY C SYKES

28 May 2004

                                    -ENDS-