Profit Upgrade

Pendragon PLC
2 June 2003



                                 Pendragon PLC

                                Profit Upgrade


On 15 April 2003, Pendragon issued a statement accompanying its Annual General
Meeting in which it stated that operating profits for the first quarter were
ahead of the previous year and its expectations. As a result of further strong
trading in the Group's core UK business and the continued improved performance
from its Ford dealerships, which are now achieving the near term goal of 1%
operating margin on turnover, trading is likely to be ahead of current market
expectation for the full year.


Management continues to note the uncertainty of market conditions and therefore
remains prudent on the outlook for trading in the current year. Notwithstanding
this, Pendragon expects to report full year profit before tax, goodwill
amortisation and exceptionals above the current market consensus of £30.7
million.



Enquiries:

Trevor Finn, Chief Executive          Pendragon PLC         01623 725 000
David Forsyth, Finance Director

Charlotte Hepburne-Scott              Finsbury Group        020 7251 3801
Gordon Simpson







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