Director Shareholding

Inchcape PLC
14 May 2004

                 Inchcape plc - Directors' Interests in Shares



On 14 May 2004, Mourant & Co. Trustees Limited, as trustee of the Inchcape
Employee Trust (the 'Trust') transferred 12,631 Ordinary Shares of 150p each in
the Company to an individual exercising an award granted under the Inchcape
Deferred Bonus 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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