Joint Venture

PENDRAGON PLC
1 October 1999


Following the announcement of the joint venture between Pendragon PLC and Ford
Ltd. on 13 September 1999, Pendragon announced today the completion of the
transaction.

Enquiries:

Pendragon PLC  Trevor Finn, Chief Executive           Tel: [phone] 
               David Forsyth, Finance Director
               
Finsbury       Rupert Younger                         Tel: [phone]
               Patrick Diamond