AGM Statement

Pendragon PLC
15 April 2002


THE CHAIRMAN'S STATEMENT





At today's Annual General Meeting of Pendragon PLC, the Chairman, Sir Nigel
Rudd, made the following statement:



'Last year's good trading conditions in the UK have continued into the first
quarter of 2002, and group trading results for the first three months are in
line with our expectations.  Our dealerships in the United States have performed
extremely well so far this year and we expect to continue to build the
contribution from this part of the business.



We said in our preliminary results announcement on 14 February 2002 that we
would utilise net profits from property disposals to repurchase the company's
ordinary shares under the terms of permission given by shareholders.  We have
bought 950,000 shares this year to date, making the total number of shares
bought back 2.7 million since the beginning of 2001.  These shares have been
cancelled.



We have a strong and stable business platform with our franchise portfolio
positioned at the lucrative luxury end of the market.  This, together with
growing USA businesses, gives us confidence that we should again achieve good
results this year.'



Enquiries:


Trevor Finn, Chief Executive       Pendragon PLC       01623 725000
David Forsyth, Finance Director

Rupert Younger                     Finsbury            0207 2513801
Charlotte Festing







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