Result of EGM

Pendragon PLC
22 December 2005

Not for release, publication or distribution, in whole or part, in, into or from
                 the United States, Canada, Australia or Japan.

FOR IMMEDIATE RELEASE                                           22 December 2005



                              PROPOSED ACQUISITION

                                       by

                           PENDRAGON PLC ('PENDRAGON')

                                       for

                           REG VARDY PLC ('REG VARDY')

                                 Result of EGM



On 3 December 2005, Pendragon announced the proposed acquisition of Reg Vardy
for an estimated cash consideration of £450 million (the 'Acquisition').

Pendragon announces that at the Extraordinary General Meeting held earlier
today, the resolution approving the Acquisition was duly passed.

A copy of the resolution passed at the Extraordinary General Meeting will be
submitted to the Financial Services Authority for publication through the
document viewing facility which is situated at the Financial Services Authority,
25 North Colonnade, Canary Wharf, London E14 5HS.

Reg Vardy Shareholders are reminded that the first closing date of Pendragon's
Offer for Reg Vardy is 3.00 p.m. (London time) on 28 December 2005.

Terms used in this announcement shall have the same meanings as in the Circular
dated 6 December 2005, which was sent to Pendragon Shareholders.



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

Citigroup Global Markets Limited                              Tel: [phone]
Philip Robert-Tissot
Sam Small
Chris Zeal (Corporate Broking)

Finsbury Group                                                Tel: [phone]
Rupert Younger
Gordon Simpson



Citigroup Global Markets Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting exclusively for
Pendragon and no one else in connection with the Offer and will not be
responsible to any other person for providing the protections afforded to
clients of Citigroup Global Markets Limited or for providing advice in relation
to the Offer.

This announcement does not constitute, or form part of, any offer for, or any
solicitation of any offer for, securities.  Any acceptance or other response to
the Offer should be made only on the basis of information referred to in the
Offer Document.

The Offer is not being and will not be made, directly or indirectly, in or into,
or by use of the mails of, or by any means or instrumentality (including,
without limitation, facsimile transmission, electronic mail, telex or telephone)
of interstate or foreign commerce of, or any facilities of a national securities
exchange of, the United States, Canada, Australia or Japan and the Offer will
not be capable of acceptance by any such use, means, instrumentality or
facility, directly or indirectly from or within the United States, Canada,
Australia or Japan.


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