Holding in Company

Inchcape PLC 8 May 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, we enclose a copy of the notification received today, 8 May, from Fidelity International Limited. Please note that as at close of business on 4 May, 2001, Inchcape's plc's issued share capital was 81,248,980. LETTER FROM: INCHCAPE PLC NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT 1. Company in which shares are held: Inchcape Plc Ord 2. Notifiable Interest: Ordinary Shares Fidelity International Limited (FIL) P.O. BOX HM 670 Hamilton HMCX, Bermuda Parent holding company for various direct and indirect subsidiaries, including Fidelity Investment Services Ltd. (FISL), and Fidelity Pension Management (FPM), investment managers for various non-US investment companies and institutional clients. (See Schedule A for listing of Registered Shareholders and their holdings). 3. The notifiable interests also comprise the notifiable interest of Mr Edward C Johnson 3d 82 Devonshire Street Boston, MA 02109 A principal shareholder of Fidelity International Limited 4. The notifiable interests include interest held on behalf of authorized unit trust schemes in the U.K. notwithstanding the exemption from reporting pursuant to Section 209(1)(h) of the Companies Act 1985. 5. These notifications of disclosable interests constitute separate notifications of interest in the shares and are combined solely for the purposes of clarity. Nothing herein should be taken to indicate that Fidelity International Limited and its direct and indirect subsidiaries, subsidiaries or Mr Edward C Johnson 3d act as a group or in concert in respect of the disclosed interests, or that they are required to submit these notifications on a joint basis. 6. The disclosable interests arise under section 208(4) (b) of the Act, namely where a person, not being the registered holder, is entitled to exercise a right conferred by the holding of the shares or to control the exercise of such rights, or under section 203 of the Act respectively. SCHEDULE A SECURITY: Inchcape Plc Ord Amendment £ 6 SHARES HELD MANAGEMENT NOMINEE/REGISTERED COMPANY NAME (Ordinary Shares) 8,354,654 FISL Clydesdale Bank (Head Office) Nominees Limited 778,909 FIL Clydesdale Bank (Head Office) Nominees Limited Total Ordinary Shares 9,133,563 Current ownership percentage: 11.10% Shares in issue: 82,248,980 Change in holdings since last filing: +1,260,900 ordinary shares

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