Holding in Company

Inchcape PLC
19 July 2000



LETTER TO: INCHCAPE PLC
           18 July 2000

S.198 COMPANIES ACT - DISCLOSURE OF SHARE INTERESTS

We are acting on behalf of Franklin Resources, Inc. and its affiliates, which
includes Franklin Mutual Advisers, LLC and Templeton Worldwide, Inc. and its
affiliates.  Franklin Resources, Inc. and its affiliates perform investment
management and advisory services for clients on a global basis.

We wish to advise you of interests in the share capital of your Company under
management of Franklin Resources, Inc. and its affiliates on behalf of clients,
as detail in the schedule below.

From: Elizabeth M Knoblock (Assistant Secretary, Franklin Resources Inc)


                                SCHEDULE
                              INCHCAPE PLC


                            Outstanding Shares             88,351,000  

Registered Holder              No. of Shares               % of Class 

Chase Nominees Ltd                750,685                    0.8497%

Bankers Trust Company              47,183                    0.0534%

State Street Nominees Limited     707,748                    0.8011%

Bank of New York Nominees           9,665                    0.0109%

Citibank Nominees Ltd.            280,451                    0.3174%

Bank of New York Europe Ltd.      202,568                    0.2293%

Midland Bank PLC                   21,675                    0.0245%


TOTAL                           2,019,975                    2.2863%

As at close of business on 17 July, 2000, Inchcape plc's issued share capital
was 88,351,428.