Holding in Company

Inchcape PLC
3 January 2001


Letter To:   Company Announcements Office

Section 198 - Companies Act 1985

3 January, 2001

We enclose a copy of a notification received yesterday, 2 January, from M&G
Investment Management Limited detailing those interests currently held by
Prudential plc and certain of its subsidiary companies.

The schedule from M&G shows that the notifiable interest is held by The
Prudential Assurance Company Limited, a subsidiary of Prudential plc. The
notification also shows a change in percentage holding from 3.96% to 3.71%.

Please note that as at close of business on 2 January, 2001, Inchcape plc's
issued share capital was 88,351,428.

Letter From: Inchcape plc


Letter To:  Inchcape plc

2 January 2001

Companies Act 1985 (as amended) (the 'Act')
Disclosure of Interests in Shares

For the purpose of this and future notifications pursuant to Part V1 of the 
Act, we write to inform you that with effect from close of business on 31
December 2000, the regulated business of M&G Investment Management Limited
('MAGIM') was transferred to Prudential Portfolio Managers Limited ('PPM'). The 
latter has today been renamed as M&G Investment Management Limited.
Consequently, you will observe in the current notification (and in all future
notifications henceforth) that the PPM name has in all instances been replaced
by that of M&G.

We also write to inform you that with effect from 28 December 2000, the life and
pensions business of M&G Life Assurance Company Limited and M&G Pensions and
Annuity Company Limited respectively was transferred to Scottish Amicable Life
plc. From the date hereof, all notifications will therefore identify Scottish
Amicable Life plc as the operator of all former M&G life end pension funds.

In view of the above, the schedule below detailing those interests currently
held by Prudential plc and certain of its subsidiary companies, which reflects
the recent changes to the investment management business of M&G. You should be
aware that all notifications will now be made by M&G Investment Management
Limited on behalf of all companies within the Prudential plc group of companies.

For the purpose of S210 of the Act, the address for those companies identified
in the schedule below is Laurence Pountney Hill, London EC4R 0HH.

In order to assist us to comply with our notification obligations under the
Banking Act, Insurance Companies Act and Investment Services Regulations, we 
would appreciate it if you would notify us of any future changes within your 
group structure relating to the formation, acquisition or disposal of any of the
following: (i) a bank, (ii) an insurance company and/or (iii) an authorised
investment firm.

Letter From:  M&G Investment Management Limited



               Notifiable Position Report for INCHCAPE ORD GBP1.50
                             as at 29 December 2000

Percentage holdings are calculated using an issued share capital of 88,351,428 
ORD GBP1.50 shares


               Registered Holder                  Holding       %

Prudential plc                                  3,284,091     3.71  Total       
                                                                    Notifiable  
                                                                    Interest
               PRUCLT HSBC GIS NOM (UK) PAC AC  3,261,091
               PRUCLT HSBC GIS NOM (UK) PPL AC     23,000
 

The Prudential Assurance Company Limited        3,284,091


               PRUCLT HSBC GIS NOM (UK) PAC AC  3,261,091  
               PRUCLT HSBC GIS NOM (UK) PPL AC     23,000