Holding in Company

Inchcape PLC
4 June 2001


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, see below a notification received on Friday, 1 June from HSBC Investment
Bank Plc.

Please note that as at close of business on 31 May 2001, Inchcape plc's issued
share capital was 81,280,407.

Letter from Inchcape Plc



Letter to Inchcape Plc
1 June 2001

Part VI Companies Act 1985

We refer to our letter of 9 April 2001 and hereby notify you in accordance with
Part VI Companies Act 1985 ('the Act'), that HSBC Investment Bank Plc have
ceased to have a notifiable interest in the ordinary shares of Inchcape plc
('the Shares').

HSBC Investment Bank Holdings plc as HSBC Investment Bank Plc's parent and HSBC
Holdings Plc, our ultimate parent company, have also ceased to have a notifiable
interest in the above mentioned Shares.

Letter from HSBC Investment Bank Plc