AGM Statement

Pendragon PLC
15 April 2005


                                  AGM STATEMENT

Pendragon PLC, the UK's largest car dealership group, today held its Annual
General Meeting. The Chairman, Sir Nigel Rudd, made the following statement:

'In 2004 Pendragon achieved underlying profit growth of nearly 60 per cent and
at the same time integrated the CD Bramall business which was acquired in March
last year. This year has seen a more demanding new car market in the first three
months. UK new car registrations are down by 7.2% year on year with the SMMT
predicting a full year reduction of 3.4% against 2004. We are maintaining the
cautious outlook on trading for the remainder of the year which we expressed at
the time of our preliminary results in February.

MG Rover Group is currently in administration and we wait to hear what the final
outcome will be for the car manufacturer. We operate 15 MG Rover sales points.
At this stage we anticipate only a minor impact on the group's net assets as a
result of the situation at Rover.

Pendragon has a strong underlying business which has traded in line with
expectations in the first three months of the year.'

Enquiries:
Pendragon PLC     Trevor Finn, Chief Executive      Tel:     [phone]
                  David Forsyth, Finance Director

Finsbury          Charlotte Hepburne-Scott          Tel:     [phone]
                  Gordon Simpson


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