26 January 2004

NO: 412

                          PENDRAGON PLC ("Pendragon")                          

On 23 January 2004 Fidelity International Limited confirmed that, following a
recent transaction its total notifiable interest in the ordinary shares in
Pendragon has decreased to 14,263,259 shares, which represents 10.88% of
Pendragon's issued share capital.

HILARY C SYKES

26 January 2004

                                    -ENDS-                                     



END