Share Purchasing Announcement

Pendragon PLC
15 February 2006

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

FOR IMMEDIATE RELEASE                                          15 February 2006


                   SHARE PURCHASES AND DISCLOSURE OF HOLDINGS

                                       by

                        CITIGROUP GLOBAL MARKETS LIMITED

                                  on behalf of

                          PENDRAGON PLC ('Pendragon')

                                  of shares in

                          REG VARDY PLC ('Reg Vardy')

Pendragon has today acquired in the market a total of 10,014,298 Reg Vardy
shares, representing approximately 17.8 per cent. of Reg Vardy's total issued
share capital. The consideration was 900 pence per Reg Vardy share.

Accordingly, Pendragon has either acquired or agreed to acquire a total of
32,760,381 Reg Vardy shares, representing approximately 58.2 per cent. of Reg
Vardy's total issued share capital.

Accordingly, Pendragon has now acquired, agreed to acquire or received
acceptances in respect of, in aggregate, 41,042,048 Reg Vardy Shares,
representing approximately 73.0 per cent. of the total issued share capital of
Reg Vardy.

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 for Pendragon and
no one else in connection with the Offer, and will not be responsible to anyone
other than Pendragon for providing the protections afforded to clients of
Citigroup Global Markets Limited or for providing advice in relation to the
Offer.

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law and therefore the persons in such
jurisdictions into which this announcement is released, published or distributed
should inform themselves of, and observe, any applicable restrictions.

This announcement does not constitute an offer to sell or the solicitation of an
offer to purchase or subscribe for any securities or an invitation to purchase,
pursuant to the Offer or otherwise. Any response in relation to the Offer should
only be made on the basis of the information contained in the Offer Document.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                  KBD