Holding in Company

Inchcape PLC
18 October 2000


DISCLOSURE OF INTEREST IN SHARES PURSUANT
TO THE SUBSTANTIAL ACQUISITION RULES OF THE CITY CODE

Guinness Peat Group plc and its subsidiary companies ('the Group') hereby notify
Inchcape Plc ('Inchcape') that following the on-market purchase on 17 October
2000 of 100,000 ordinary shares of 150p each ('Shares') the interest of the
Group in the capital of Inchcape amounts to 13,275,420 Shares representing
15.03% of the Shares currently in issue.

So far the Group is aware, no person interested in the Shares is party to any
agreement or arrangement relating to the exercise of any rights conferred by
holding the shares subject to this notification.