Director Shareholding

Inchcape PLC
26 January 2004

                 Inchcape plc - Directors' Interests in Shares



On 26 January 2004, Mourant & Co. Trustees Limited, as trustee of the Inchcape
Employee Trust (the 'Trust') transferred 2,041 Ordinary Shares of 150p each in
the Company to individuals exercising options granted under the Inchcape 1999
Share Option Plan.

As potential beneficiaries under the Trust, each executive director of the
Company, being Peter Johnson, Alan Ferguson and Graeme Potts, is treated as
being interested in all shares held by the Trust.


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