Holding(s) in Company

7 October 2002

NO: 334

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

On 7 October 2002 Invesco Asset Management Limited confirmed that, following
recent transactions, its total holding of ordinary shares in Pendragon no
longer constitutes a notifiable interest in the share capital of Pendragon.

HILARY SYKES

7 October 2002

                                    -ENDS-