Holding in Company

Inchcape PLC
2 November 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 submit a copy of notification received from Guinness Peat Group plc.

As at close of business on 1st November, Inchcape plc's issued share capital was
77,465,046.

FROM V CUGGY
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 on-market disposals the Group no longer
has a notifiable interest in the capital of Inchcape.


FROM J R RUSSELL
GUINNESS PEAT GROUP PLC