Holding in Company

Inchcape PLC
12 April 2001


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

Section 198 - Companies Act 1985

By way of notification pursuant to paragraph 9.11, Chapter 9 of The Listing
Rules, please find below a copy of notification received today, 12 April, 
from Guinness Peat Group plc.

Please note that as at close of business on 12 April, 2001, Inchcape plc's
issued share capital was 82,248,980.


LETTER FROM: Kelly Fielding, Assistant Group Secretary, INCHCAPE PLC




LETTER TO: INCHCAPE PLC


DISCLOSURE OF INTEREST IN SHARES PURSUANT TO 
S.198 TO 202 OF THE COMPANIES ACT 1985

Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify
Inchcape Plc ('Inchcape') that following an on-market transaction the interest
of the Group in the capital of Inchcape has reduced to 10,682,870 Ordinary 150p
shares ('Shares') representing 12.99% of the Shares currently in issue.

So far as the Group is aware, no person interested in the Shares is party to any
agreement or arrangement relating to the exercise of any rights conferred by
holding the shares subject to this notification.


LETTER FROM: J R Russell, Company Secretary, Guinness Peat Group plc