FOR IMMEDIATE RELEASE


		PRE CLOSE TRADING STATEMENT

On 27th of November we issued a trading update and gave guidance on 
our outlook for the next year.  Our views are unchanged from the 
time of that statement. 

Today we also announce that, in line with our stated strategy, we have 
made three further surplus property sales this month for a total 
consideration of £10.0 million and realised a profit of £6.0 million on 
these sales.  This brings proceeds from surplus property sales this year 
to £41.5 million and profits on these sales to £15.3 million.  At the 
current time we have surplus properties under offer with estimated 
proceeds of £34 million and a book value of £19 million.


Enquiries:

	

		
Pendragon PLC
		
Trevor Finn, Chief Executive
		
Tel:
		
01623 725114
	
	

		

		
David Forsyth, Finance Director
		

		

	
	

		
Finsbury
		
Gordon Simpson
		
Tel:
		
0207 2513801