Deferred Consideration

Pendragon PLC
15 April 2005

                                  PENDRAGON PLC

PAYMENT OF CONTINGENT CONSIDERATION IN RESPECT OF THE ACQUISITION OF C D BRAMALL

Pendragon PLC is pleased to announce that it has received repayment of monies in
respect of claims made to HM Customs & Excise by C D Bramall PLC for recovery of
overpaid VAT following the cases of Marks and Spencer, Elida Gibbs and EC
Commission v. Italian Republic.

The total amount received from HM Customs and Excise, including interest thereon
and net of costs associated with the claim, amounts to £6,696,000. Half of this
amount is retained by Pendragon PLC whilst the other half is to be paid to
former C D Bramall PLC shareholders as additional consideration for their shares
acquired by Pendragon PLC in 2004. Further repayments may be due from HM Customs
and Excise and we shall provide updates regarding this as appropriate.

The calculation of Contingent Consideration, as that term is defined in the
Offer Document dated 27 January 2004 detailing the terms and conditions of the
offer by Pendragon PLC for C D Bramall PLC, results in an additional payment of
8.52 pence per share to each of the former C D Bramall PLC shareholders.


Enquiries:

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

Finsbury        Gordon Simpson                       Tel:     [phone]


Notes to editors:

Pendragon is the largest retailer in the UK, representing both prestige brands
and, more recently, volume brands. The Group operates 250 dealerships in the UK,
eight in Germany and nine in the USA.





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