Holding in Company

Inchcape PLC
13 October 2000

Letter to:  Company Announcements Office

Section 198 - Companies Act 1985

By way of notification pursuant to paragraph 9.11, Chapter 9 of The Listing
Rules, we append below a copy of notification received today, 13 October from
Guinness Peat Group plc.

Please note that as at close of business on 12 October, 2000, Inchcape plc's
issued share capital was 88,351,428.

Letter from:  Inchcape plc



                  DISCLOSURE OF INTEREST IN SHARES PURSUANT 
              TO SECTIONS 198 TO 202 OF THE COMPANIES ACT 1985
 

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 13,175,420 Ordinary 150p shares ('Shares') representing
14.91% 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.

J R Russell
Company Secretary