Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Inchcape Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

FMR LLC

4. Full name of shareholder(s)  (if different from 3.):iv

See attached schedule

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

16 May 2011

6. Date on which issuer notified:

18 May 2011

7. Threshold(s) that is/are crossed orreached: vi, vii

5%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Indirect

Direct xi

Indirect xii

Direct

Indirect

GB00B61TVQ02

23,232,752

23,232,752

23,013,752

23,013,752

4.99

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

23,013,752

4.99%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

SHARES HELD NOMINEE MANAGEMENT CO

FMR LLC is the parent holding company of Fidelity 572,120 BROWN BROTHERS HARRIMAN AND CO FMRCO

Management & Research Company (FMRCO), investment 128,590 BROWN BROTHERS HARRIMAN AND CO PTC

manager for US mutual funds, and FIL Management Trust 17,442,619 JP MORGAN CHASE BANK FMRCO

Company (FMTC) and Pyramis Global Advisors Trust Company 738,920 MELLON BANK N.A. FMRCO

(PGATC), a US state chartered bank which acts as a trustee 105,850 MELLON BANK N.A. PTC

or investment manager of various pension and trust accounts 2,535,493 STATE STREET BANK AND TR CO FMRCO

Pyramis Global Advisors LLC (PGALLC) and Pyramis Trust 91,329 STATE STREET BANK AND TR CO PTC

Company (PTC) 199,730 STATE STREET BANK AND TR CO PGATC

364,430 CIBC MELLON TRUST (C) FCL

405,400 MELLON BANK NA (C) PTC

429,271 N/A N/A

Proxy Voting:

10. Name of the proxy holder:

FMR LLC

11. Number of voting rights proxy holder will acquire:

219,000

12. Date on which proxy holder will acquire voting rights:

16 May 2011

13. Additional information:

14. Contact name:

Shaheen Hussain

15. Contact telephone number:

[email protected] / 01737 837 149