Disposal

Pendragon PLC 05 July 2007 Pendragon announces that it has sold its remaining German dealerships. Over the past two years Pendragon has reduced the number of dealerships operated in Germany and has now completed the sale of the business and assets of its remaining four locations. The net proceeds of the sale are approximately £6 million. Full details of the divestment will be included in its first half accounts which will be published on 7 August 2007. Enquiries: Pendragon PLC Trevor Finn, Chief Executive Tel: 01623 725114 David Forsyth, Finance Director Finsbury Gordon Simpson Tel: 0207 2513801 This information is provided by RNS The company news service from the London Stock Exchange
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