Director Shareholding

Inchcape PLC
17 May 2004


                 Inchcape plc - Directors' Interests in Shares


On 17 May 2004, Mourant & Co. Trustees Limited, as trustee of the Inchcape
Employee Trust (the 'Trust') transferred 18,997 Ordinary Shares of 150p each in
the Company to an individual exercising awards 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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