Holding(s) in Company

8 January 2003

NO: 350

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

On 8th January 2003 Standard Life Investments Limited confirmed that, following
a recent transaction, its total notifiable interest in the ordinary shares of
Pendragon has decreased to 3,107,841 shares, representing 5.61% of the total
issued share capital of Pendragon.

HILARY C SYKES

8 January 2003

                                    - ENDS-