Director Shareholding

Inchcape PLC
08 September 2003

                 Inchcape plc - Directors' Interests in Shares

On 8 September 2003, Mourant & Co. Trustees Limited, as trustee of the Inchcape
Employee Trust (the 'Trust') transferred 21,502 Ordinary Shares of 150p each in
the Company to an individual exercising options granted under the Inchcape 1999
Share Option Plan and an award granted under the Inchcape Deferred Bonus Plan.

As potential beneficiaries under the Trust, each executive director of the
Company, being Peter Johnson, Alan Ferguson and Graeme Potts, is treated as
being interested in all shares held by the Trust.


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