Director Shareholding

Inchcape PLC
15 December 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
Inchcape plc

2. Name of director
Alan Murray Ferguson

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Alan Murray Ferguson (Director)

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Alan Murray Ferguson - 53,843 Ordinary Shares

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
See 3. Above

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Part exercise of the option granted under the Inchcape 1999 Share Option Plan on
10 August 2000 (1999 Plan); exercise of the award granted under the Inchcape
Deferred Bonus Plan (DBP); disposal of the Ordinary Shares acquired pursuant to
the exercises

7. Number of shares / amount of stock acquired
53,843 Ordinary Shares

8. Percentage of issued class
0.68%

9. Number of shares/amount of stock disposed
53,843 Ordinary Shares

10. Percentage of issued class
0.68%

11. Class of security
Ordinary Shares of 150p each

12. Price per share

1999 Plan - 35,422 Ordinary Shares acquired at 284p per Ordinary Share

DBP - 18,421 Ordinary Shares acquired at £1

53,843 Ordinary Shares disposed at 1295p per Ordinary Share

13. Date of transaction
15 December 2003

14. Date company informed
15 December 2003

15. Total holding following this notification
40,952 Ordinary Shares of 150p each

16. Total percentage holding of issued class following this notification
0.052%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
 n/a

18. Period during which or date on which exercisable
 n/a

19. Total amount paid (if any) for grant of the option
 n/a

20. Description of shares or debentures involved: class, number
n/a

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
 n/a

22. Total number of shares or debentures over which options held following this
notification
 n/a

23. Any additional information
Issued Share Capital - 78,880,173 Ordinary Shares

24. Name of contact and telephone number for queries
Alison Mansfield - 020 7546 8321

25. Name and signature of authorised company official responsible for making
this notification
Alison Mansfield

Date of Notification
15 December 2003

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