AGM Statement

Pendragon PLC
28 April 2006



FOR IMMEDIATE RELEASE                                             28 April 2006

                                  AGM STATEMENT


Pendragon PLC, the UK's largest car dealership group, today held its Annual
General Meeting. The Chairman, Sir Nigel Rudd, made the following statement:

'Last year we produced another set of good results and continued our excellent
record of earnings and dividend growth. We also achieved our objectives relating
to integration of acquisitions and of creating new relationships with
manufacturers whose brands we previously did not sell. We now sell 33 different
brands of new cars and have a truly national network of outlets in the UK.

Pendragon is the leading player in the consolidation of the UK car retail
sector. This position has been reinforced by our acquisition of Reg Vardy plc at
the end of February 2006. We are in the process of integrating Reg Vardy with
Pendragon and are looking forward to realising the benefits for shareholders of
this combination. In addition to the scale economies which will be gained, the
new enlarged business will provide a very strong platform for future growth.

Trading across the Pendragon Group in the first quarter has been in line with
our expectations. The market for new cars has been down by around five per cent.
so far this year when compared to last year. I believe this will be
representative of the market for the remainder of this year. We are therefore
maintaining our cautious outlook for 2006.

Your group continues to enjoy the position of leader in its industry, a position
it has attained through the effectiveness of its business model and strategy,
and the strong support of its shareholders.'


Enquiries:
Pendragon PLC    Trevor Finn, Chief Executive        Tel:  [phone]
                 David Forsyth, Finance Director

Finsbury         Rupert Younger                      Tel:  [phone]
                 Gordon Simpson




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