Disposal

Pendragon PLC
17 September 2001

                                Pendragon PLC

                     Profit on Sale of Freehold Property

Pendragon PLC the UK's largest car dealership group, today announces that it
has sold the remainder of its former Vauxhall dealer site in Glasgow.

The sale has generated proceeds of £7.7m, which will give a profit on disposal
to Pendragon of £6.7m after costs.

The first part of the site was sold in 2000 for £1.9m and generated profit on
disposal of £0.9m. The dealership was acquired on 30 September 1997 as part of
a group of 17 dealerships from LEX Service PLC, for which the total
consideration was £42.3m.

Following today's sale Pendragon has under offer vacant properties with a
market value in the region of £12m.

Trevor Finn, chief executive of Pendragon, commented:

'This continues our policy of enhancing shareholder value by realising the
profits from the sale of surplus properties. Since June we have placed a
further £3m of property under offer and it is our intention to continue to
evaluate existing sites with the aim of identifying candidates which, where
appropriate, could realise profits if put to alternative uses.'


Enquiries:

Trevor Finn, Chief Executive          Pendragon PLC         01623 725 000

Rupert Younger                        Finsbury              020 7251 3801

Charlotte Festing