Director Shareholding

Inchcape PLC
17 April 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
Inchcape plc

2. Name of director
Peter William Johnson

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Director - see 2. Above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
N/a

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
N/a

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Exercise of the Option granted on 8 October 1999 under the Inchcape SAYE Share 
Option Scheme

7. Number of shares / amount of stock acquired
N/a

8. Percentage of issued class
N/a

9. Number of shares/amount of stock disposed
N/a

10. Percentage of issued class
N/a

11. Class of security
N/a

12. Price per share
N/a

13. Date of transaction
N/a

14. Date company informed
N/a

15. Total holding following this notification
N/a

16. Total percentage holding of issued class following this notification
N/a

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
17 April 2003

18. Period during which or date on which exercisable
1 June 2006 to 1 December 2006

19. Total amount paid (if any) for grant of the option
Nil

20. Description of shares or debentures involved: class, number
1,549 Ordinary Shares of 150p each (Option granted under the Inchcape SAYE Share 
Option Scheme)

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
610p per Ordinary Share

22. Total number of shares or debentures over which options held following this
notification
474,085 Ordinary Shares of 150p each (Options granted under the Inchcape 1999 
Share Option Plan, Inchcape SAYE Share Option Scheme & Awards made under the 
Inchcape Deferred Bonus Plan)

23. Any additional information
Issued share capital 77,836,491 Ordinary Shares

24. Name of contact and telephone number for queries
Alison Mansfield

020 7546 8321

25. Name and signature of authorised company official responsible for making
this notification
Alison Mansfield

Date of Notification
17 April 2003

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