Result of AGM

Inchcape PLC
15 May 2001


RESULT OF ANNUAL GENERAL MEETING

The Annual General Meeting of Inchcape plc was held today, 15 May 2001.

At that meeting, all resolutions proposed by Inchcape's Board - Resolutions 1
to 10 - were passed.

Resolutions 11 and 12 were proposed by Guinness Peat Group plc ('GPG') who
have recently reduced their shareholding from 15.99% to 10.5% (a holding of
8.5m shares). These resolutions, opposed by Inchcape, were rejected by
shareholders with 81.5%, of a record number of votes, cast in support of the
Board. The 9.5m shares cast in favour of the GPG resolutions included GPG's
own shares.

The number of votes cast on each resolution is attached.

Sir John Egan, Chairman of Inchcape plc, said:

'We are delighted that shareholders have overwhelmingly supported the Board's
strategy for delivering value.  We are striking a carefully considered balance
between the investment needs of the Company and the return of capital to
shareholders.  This balance having been resoundingly endorsed, we look forward
to building on the sound progress made in the first four months of this year
as set out in our trading update issued this morning.'


Issued by and                     
enquiries to:     
   
Hogarth Partnership Limited
John Olsen                         020 7357 9477
Andrew Jaques

Inchcape plc  
Group Communications               020 7546 0022


Resolutions recommended by the Board

No.            Resolution                               For          Against
1. Ordinary    To receive the Accounts and Directors'   42,590,209   811
               and Auditors' Reports

2. Ordinary    To declare a final dividend              43,943,867   2,463

3. Ordinary    To elect Sir John Egan as a Director     42,563,390   17,799

4. Ordinary    To re-elect Peter Johnson as a Director  42,574,297   15,921

5. Ordinary    To re-elect Hugh Norton as a Director    42,552,255   37,660

6. Ordinary    To re-appoint PricewaterhouseCoopers as  42,570,537   19,878
               Auditors

7. Ordinary    To authorise the Directors to determine  42,585,791   4,565
               the Auditors' remuneration

8.  Ordinary   To authorise the Directors to allot      42,563,975   8,564,856
               relevant securities pursuant to Section 
               80 of the Companies Act 1985

9. Special     To empower the Directors to disapply     42,564,190   8,564,641
               pre-emption rights pursuant to Section 
               95 of the Companies Act 1985              

10. Special    To authorise the Company to make market  48,795,099   32,536
               purchases of its ordinary shares up to 
               14.99% of its issued share capital

Resolutions not recommended by the Board

No.            Resolution                               For         Against
11. Ordinary   That the Board pay an additional cash    9,468,623   41,500,261
               dividend of 50p per share, as soon as 
               practicable, by way of interim dividend

12. Ordinary   That, subject to the passing of a        9,450,637   41,518,188
               resolution to allow the Company to 
               purchase up to 14.99% of its share 
               capital, the Board implement, as soon 
               as practicable, a return of capital up 
               to £45m in aggregate