Holding(s) in Company

1 May 2003

NO: 376

                                 ANNOUNCEMENT                                  

                          PENDRAGON PLC ('Pendragon')                          

On 29 April 2003 Standard Life Investments Limited confirmed that, following a
recent transaction, its total notifiable interest in the ordinary shares of
Pendragon increased to 3,462,245 shares, representing 6.65% of the total issued
share capital of Pendragon.

HILARY C SYKES


1 May 2003