Result of EGM

Pendragon PLC
15 July 2003

                         PENDRAGON PLC ('Pendragon')

            BONUS ISSUE OF THREE NEW ORDINARY SHARES FOR EVERY TWO 
                         EXISTING ORDINARY SHARES

At the Extraordinary General Meeting held at 10.00 am today, the three ordinary
and two special resolutions in connection with the Bonus Issue were proposed and
approved by the shareholders.

Pursuant to the Bonus Issue, Pendragon has made an application to the UK Listing
Authority ('the UKLA') and the London Stock Exchange Limited ('the Exchange')
for the admission to listing and trading on the Exchange of 78,955,739 ordinary
shares of 25 pence each in the capital of Pendragon ('shares'). The purpose of
the application is: -

(i)    78,774,551 shares to be issued to existing shareholders under the Bonus
       Issue, that is three new ordinary shares for every two existing shares 
       held; and

(ii)   48,105 shares to be added to the Block Listing, to enable shares to be
       issued pursuant to the 1989 Pendragon Executive Share Option Scheme, the 
       1999 Pendragon Approved Executive Share Option Scheme and the 1999 
       Pendragon Unapproved Executive Share Option Scheme under which there 
       remain at present outstanding exercisable but unexercised options over 
       Pendragon shares; and

(iii)  133,083 shares to be added to the Block Listing, to enable shares to be 
       issued pursuant to the Pendragon 1998 Sharesave Scheme.

The new ordinary shares will be allotted and dealings in the new ordinary shares 
will commence on Wednesday 16 July 2003.
 
Enquiries:

Trevor Finn, Chief Executive          Pendragon PLC          01623 725 000
David Forsyth, Finance Director

Charlotte Hepburne- Scott             Finsbury Group         020 7251 3801 
Gordon Simpson



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