Trading Update

Pendragon PLC
21 June 2004

21 June 2004

                                 Trading Update

On 15 April 2004 Pendragon issued a statement, accompanying its Annual General
Meeting, that it was confident of achieving its expectations for the 
current year.

At the end of February Pendragon successfully completed the acquisition of CD
Bramall Plc and started the process of integration with the existing Pendragon
businesses. The integration is proceeding ahead of programme and the benefits 
are beginning to flow through. As a result of this and strong trading in the 
Group's core UK business, trading is likely to be ahead of current market 
expectations for the full year.

Management continues to note current interest rate trends 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 £54.1 million.

Enquiries:

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

Gordon Simpson                         Finsbury Group        020 7251 3801





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