Holding in Company

Inchcape PLC
16 October 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, we submit a copy of notification received from Guinness Peat Group plc.

As at close of business on 15th October 2001, Inchcape plc's issued share 
capital was 77,452,796.

FROM INCHCAPE PLC



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

Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify
Inchcape Plc ('Inchcape') that following on-market transactions the interest of 
the Group in the capital of Inchcape has reduced to 2,727,614 Ordinary 150p 
shares ('shares') representing 3.52% 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.