Holding(s) in Company - Correction

1 September 2003

NO: 394

                          PENDRAGON PLC ('Pendragon')                          

This announcement replaces the announcement made on 28 August 2003
(PRNUK-2808).

On 29 August 2003 Fidelity International Limited confirmed that, following a
recent transaction its total notifiable interest in the ordinary shares in
Pendragon has decreased to 18,469,158 shares, which represents 14.05% of
Pendragon's issued share capital.

On 27 August 2003 Standard Life Investments Limited confirmed that, following a
recent transaction its total notifiable interest in the ordinary shares in
Pendragon has decreased to 7,925,639 shares, which represents 6.03% of
Pendragon's issued share capital.

HILARY C SYKES

1 September 2003

                                    -ENDS-