Holding in Company

Inchcape PLC
13 October 2000

DISCLOSURE OF INTEREST IN SHARES

Further to your enquiry under S.212 of the Companies Act 1985, and in fulfilment
of its obligations under sections 198 to 202 of that Act, Guinness Peat Group
Plc and its subsidiary companies ('the Group') hereby notify Inchcape Plc
('Inchcape') that the interest of the Group in the capital of Inchcape amounts
to 12,175,610 Ordinary 150p shares ('Shares') representing 13.78% of the Shares
currently in issue.

So far as the Group is aware, no person interested in the Shares is party to any
agreement or arrangement relating to the exercise of any rights conferred by
holding the shares subject to this notification.