Proposed Acquisition of Dealership in California

8 June 2015

Pendragon PLC ("Pendragon")

Proposed Acquisition of Dealership in California

On 25 March 2015 Pendragon announced that it had agreed to acquire the trade and certain assets of a motor dealership located in Glendale, California, USA, from Texas Automobiles Leasing t/a Lexus of Glendale ("Lexus of Glendale") subject to completion accounts and receipt of manufacturer agreements.

The acquisition will now not be proceeding as Lexus have a right, which they will be exercising, to purchase the dealership.

8 June 2015

Enquiries: Pendragon PLC Trevor Finn Tel: 01623 725114

Tim Holden

RLM Finsbury Gordon Simpson Tel: 0207 1513801

Philip Walters

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