Acquisition

Inchcape PLC
12 August 2002

12 August 2002



                 Inchcape plc acquire Gowrings plc dealerships


Inchcape plc, the international automotive services group, today reached an
agreement with Gowrings plc to acquire their Ford dealerships in Bracknell and
Wokingham.

The sale of the businesses, which is subject to Gowrings shareholders approval,
is for a cash consideration of approximately £3.9m.

Peter Johnson, Group Chief Executive of Inchcape plc, commented: 'This
acquisition completes our Ford investment in this important territory comprising
Guildford, Farnborough, Bracknell and Wokingham.'

Gowrings will hold their Extraordinary General Meeting on Wednesday 28 August to
approve the sale.



Notes to editors

The agreement has been signed by Inchcape's wholly owned subsidiaries; Inchcape
Retail Limited and Inchcape Estates Limited.

Inchcape, as an international automotive services group, provides quality
representation for its manufacturer partners, a choice of channels to market and
products for its retail customers and a range of business services for its
corporate customers. Operating primarily in the UK, Greece, Belgium, Australia,
Hong Kong and Singapore, its key partners are Toyota, Subaru, Ferrari, Jaguar
and Land Rover. Inchcape's activities include exclusive Import, Distribution and
Retail, Business Services, automotive E-commerce and Financial Services.


For further enquiries, please contact:


Group Communications, Inchcape plc                           020 7546 0022

John Olsen/Tom Leatherbarrow, Hogarth Partnership Limited    020 7357 9477

For further information, visit us at www.inchcape.com




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