Realisation of Investment

REALISATION OF INVESTMENT IN KING ARTHUR HOLDINGS SarL             

28 JANUARY 2015

Pendragon is pleased to announce that King Arthur Holdings SarL, a company in
which the group has a 5% investment, has today completed the sale of its only
subsidiary, King Arthur Properties SarL. Subject to completion accounts,
Pendragon expects to receive in the region of £24m in respect of its original £
10m investment, resulting in an estimated non-underlying profit of £14m. The
investment had been returning an underlying dividend income of £1.1 per annum.
The proceeds will be applied to the reduction of debt.

King Arthur Properties SarL was the landlord in respect of 73 properties
operated by Pendragon as car dealerships, together with our head office. King
Arthur Properties Sarl has been acquired by W. P. Carey Inc.

Commenting on the transaction, Trevor Finn, Chief Executive, said:

"I am delighted to announce this successful property transaction for the
benefit of our shareholders. It is reassuring to have, in W. P. Carey, a
long-term investor for a portfolio of our dealerships in the UK and we look
forward to working together with them."

Enquiries                                                                      
                                                                               
Trevor Finn         Chief Executive    Pendragon PLC               01623 725114
                                                                               
Tim Holden          Finance Director   Pendragon PLC               01623 725114
                                                                               
Gordon Simpson      Partner            RLM Finsbury                0207 2513801
                                                                               
Philip Walters      Associate Partner  RLM Finsbury                0207 2513801