Stratstone: Pendragon PLC ("Pendragon" or the "Company") Proposed Disposal of UK Motor and PVM, transition to Pinewood Technologies plc and Strategic Partnership with Lithia

• UK motor business, consisting of Evans Halshaw, Stratstone and Car Store, and Pendragon Vehicle Management (“PVM”), Pendragon’s leasing business, will be sold to Lithia at an attractive valuation: o Total cash consideration of £280 million (subject to adjustments), which includes a £30 million subscription for shares in Pendragon, which following co