Disposal

Pendragon PLC
18 September 2002


                        PENDRAGON PLC ('Pendragon')

                         Surplus Property Disposal

Pendragon today announces that it has sold its former car dealership at London 
Road, High Wycombe. The sale of this site which has generated proceeds of 
£8.0 million will give a profit on disposal to Pendragon of £3.3 million after 
costs.

Trevor Finn, Chief Executive of Pendragon, commented:

'The surplus property disposal demonstrates our continuing policy of enhancing 
shareholder value by realising profits from the sale of such properties and to 
utilise net profits from their disposal to repurchase and cancel the company's 
ordinary shares. Our existing property portfolio undergoes regular appraisal 
with the aim of identifying sites which, where appropriate, could realise 
profits if put to alternative uses'.

Enquiries:
Trevor Finn, Chief Executive              01623 725114 
David Forsyth, Finance Director           01623 725114



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