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Four consecutive quarters of Group revenue growthGroup LFLAPAC / EM LFL15.0%13.1%35.0%30.0%28.1%10.0%5.0%0.0%-5.0%1.0%-1.9%-0.8%4.1%7.5%1.4%25.0%20.0%15.0%10.0%5.0%0.0%20.8%12.9%9.4%1.2%8.2%7.2%-10.0%-9.3%-15.0%Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12UK LFL8.0%6.6%6.0%4.9%-5.0%-10.0%-11.9%-15.0%Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12Europe LFL40.0%36.1%30.0%4.0%2.0%2.9%0.8%20.0%10.0%9.2%0.0%0.0%-2.0%-0.5%-10.0%-7.8%-4.0%-6.0%-8.0%-3.1%-3.8%-6.9%Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12-20.0%-30.0%-40.0%-23.7%-25.9%-25.1%-30.2%-36.3%Q3 10 Q4 10 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12Note: LFL is at actual currencyStrong growth momentum in APAC / EM4

+10% OP increase driven by strong growth in APAC / EMGroup H1 OP 3yr CAGR 16.6% APAC / EM H1 OP 3yr CAGR 21.2%160+10.1% 120+11.3%140123.7 125.7138.410092.4102.812010087.48081.8806057.860404020200H1 09 H1 10 H1 11 H1 120H1 09 H1 10 H1 11 H1 12UK H1 OP3yr CAGR 23.8%Europe H1 OP3yr CAGR -8.4%40353031.235.52037.2+4.8% 18.8-5.5%181614 13.4252019.6121010.910.31581064520H1 09 H1 10 H1 11 H1 120H1 09 H1 10 H1 11 H1 12Record OP in APAC / EM5

APAC / EM now more than two-thirds of InchcapeTrading ProfitAPAC / EM % Group RevenueAPAC / EM % Group Trading Profit60.0%50.0%40.0%44.6%49.1%50.8%54.1%70.0%68.0%66.0%66.3%67.8%68.4%64.0%30.0%62.0%61.2%20.0%60.0%10.0%58.0%0.0%2009 2010 2011 H1 201256.0%2009 2010 2011 H1 2012Inchcape is engineered for growth given its scale presence in APAC / EM6

Positive Group operating leverage: ROS +20 BPS*Group Analysis H1 ROSRegional Analysis H1 ROSGM 14.4% -50 BPS YoYNorth Asia: 10.2%+50 BPSRecord OP• Strong pricing power performance in distribution marketsoffset by increased new vehicle contribution / mix effect,competitive pressures in UK, Russia, China and Yenappreciation in Australia• Used car margin stable• Aftersales c50% of Group gross profitSouth Asia: 10.2%UK: 3.4%Europe: 3.0%+90 BPS+10 BPS+40 BPSRecord Retail ROSOverheads 9.9% of Sales, improved 70 BPS YoYRussia and EM: 3.8%-80 BPS• Underlying costs flat YoY*• Q4 11 cost restructuring offset impact of inflation atGroup levelAustralasia: 5.7%-80 BPSRecord OP** &Record Retail ROS* Pre H1 11 £6.1m pension credit, H1 12 Cost Base £309.4m (H1 11 £309.8m)** Pre H1 10 £7.3m property disposal profit7

2012Interim ResultsJohn McConnellGroup Finance DirectorEngineered forGrowth

Summary profit & loss accountH1 2012H1 2011Change£m£m%Sales3,108.72,929.96.1%Operating profit138.4131.85.0%Net financing costs4.03.9(2.6)%Profit before tax134.2126.85.8%Tax rate (%)26.026.0-Basic adjusted EPS (p)20.919.66.6%Note: All numbers at actual exchange rates10

Impact of currency on operating profitH1 20122011 @ actualexchange rates2012 @ 2011actual rates2012 @ actualexchange ratesImpactAustralasia33.934.435.10.7Europe10.910.910.3(0.6)North Asia19.024.925.60.7South Asia13.617.217.50.3Russia and EM25.925.424.6(0.8)Total overseas103.3112.8113.10.3UK35.537.237.2-Central costs(7.0)(11.9)(11.9)-Operating profit131.8138.1138.40.311

Segmental performanceH1 2012£mSalesDistribution1,274.8Retail1,833.93,108.7Operating profitDistribution98.7Retail51.6Central costs(11.9)138.4Operating marginDistribution7.7%Retail2.8%4.5%H1 2011£m1,168.71,761.22,929.987.751.1(7.0)131.87.5%2.9%4.5%Change %9.1%4.1%6.1%12.5%1.0%(70.0)%5.0%0.2ppt(0.1)ppt-Note: All numbers at actual exchange rates12

Group: Trading profit160.06.63.91.71.2(1.3) (0.6)£m130.0150.3138.8100.0H1 2011 North Asia South Asia UK Australasia Russia & EmergingM arketsEurope H1 2012All numbers at actual exchange rates13

Distribution: Trading profit2012 Trading marginsH1 201298.7Group: 7.7%+20 BPSNorth Asia6.6South Asia3.9North Asia: 10.2%South Asia: 10.2%+50 BPS+90 BPSRussia & Emerging Markets1.6Russia and Emerging Markets: 9.7%-20 BPSUK0.3UK: 19.3%+170 BPSEuropeAustralasia(0.6)(0.8)Europe: 3.8%Australasia: 6.5%+60 BPS-170 BPSH1 201187.750.0 75.0 100.0All numbers at actual exchange rates (£m)14

Retail: Trading profit2012 Trading marginsH1 201251.6Group: 2.8%-10 BPSAustralasia2.0Australasia: 4.1%+50 BPSUK1.4UK: 3.2%+20 BPSEurope(-)Europe: (0.1)%- BPSRussia & Emerging Markets(2.9)Russia and Emerging Markets: 1.9%-90 BPSH1 201151.125.0 50.0 75.0All numbers at actual exchange rates (£m)15

Regional analysis: Trading profitH1 2011H1 2012Russia and EmergingMarkets19%Australasia24%Russia and EmergingMarkets16%Australasia23%UK25%£138.8mNorth Asia14%UK25%£150.3mNorth Asia17%Europe8%South Asia10%Europe7%South Asia12%16

Cash flowOperating cash flowH1 2012H1 2011Free cash flowH1 2012H1 2011Net cashH1 2012H1 2011£m£m£m£m£m£mOperating profit138.4131.8Operating cashflow77.273.0Free cash flow12.018.8Depreciation / amortisation16.416.0Net interest(9.7)(2.3)Acquisitions-(19.6)Working capital(52.7)(55.6)Taxation(26.0)(26.7)Disposals2.95.3Pension(17.0)(18.8)Non controllinginterest(3.0)(3.1)Dividends(34.0)(30.3)Other(7.9)(0.4)Net capex(26.5)(22.1)Other1.73.1Net cash flow(17.4)(22.7)Opening net cash /(debt)243.5205.8Translation on netcash / (debt)*1.65.5Operating cash flow77.273.0Free cash flow12.018.8Closing net cash227.7188.6* Includes fair value re-measurementsAll numbers at actual exchange rates17

Net financing costsBank and loan interestStock holding interestInterest on private placement notesPension interest netOther including capitalised interest adj.Interest excluding mark to marketFV on private placementFV on cross currency interest rate swapsGreek government bondsMark to market gainH1 2012£m(1.3)8.02.3(1.0)(2.7)5.3(3.2)0.91.0(1.3)H1 2011£m(1.1)6.31.8(0.4)(2.2)4.4(7.7)7.2-(0.5)Total net finance costs4.03.9All numbers at actual exchange rates18

Guidance – Full Year 2012• Tax rate 26%• Interest cost(excl. mark to market)c £10-12m• Capital expenditure £100m• Net cash c £200m19

Business updateand outlookAndré LacroixGroup Chief ExecutiveEngineered forGrowth

Inchcape Customer 1 st StrategyTo be the world’s most customer centricautomotive retail groupSTRENGTHENSuperior customer valueproposition throughInchcape AdvantageEXPANDConsolidation in highmargin / high growthareas21

Operational discipline on Top Five PrioritiesCustomer 1 st strategyto create differentiationCommercial initiativesto grow revenues ahead ofcompetitorsCash initiativesto grow profit and operatingcash faster than revenueBalanced focus between commercial and cash initiativesBrand portfolioof the world’s leadingpremium and luxuryautomotive brands22

2012 Outlook• Robust H1 performance, ahead of expectations• In H2 the Group will continue to benefit from its strong globalfootprint: “Right economies, right brands, right categories”• Demand for premium / luxury vehicles expected to outperform theindustry in the UK• New car demand expected to be down in Europe• Solid growth in APAC / EM, albeit at a slower rate than H1 withdemand for New cars expected to remain robust in Australia• Solid performance for Used cars and Aftersales expected to continue• Remain cautious on new vehicle margins given increased level ofcompetitive activity and strength of the yenWe expect the Group to deliver a robust performance in 201223

Strong 2012 model line-upBMW / MINI Land Rover / Jaguar Mercedes Benz Subaru Toyota / Lexus VW / AudiH1 3 Series B Class Impreza Prius PHV Up!MINI Roadster SL Class XV Prius + BeetleM Class LX Q3H2 1 Series 3dr Range Rover A Class BRZ Yaris HSD A3 3dr6 Series Gran Coupe XF Estate CLS Shooting Break GT 86 A6 AvantXF FaceliftGSSubaru ImprezaBMW 3 Series Toyota Yaris HSD Toyota GT 86 Lexus GSSubaru XV24

UK RetailRecord ROS2012 TIV est.FY estimate: 1.98m, +2% vs. 20112012 H1achievements• H1 LFL +3.0%• Continued to grow market share through superior Inchcape Advantage Customer 1st processes• Capitalised on strong new product launches (Audi A1 Sportback, BMW 3 Series, Lexus GS, VW UP!, Porsche Boxster & 911)• Electronic Vehicle Health Check (EVHC) roll-out completed across all brands facilitating greater up-sell• Tight controls on costs remain in place2012 H2 focus• Leverage strong new product launches (Audi A2 / A3, Mercedes-Benz A-Class, Jaguar XF Sportbrake, Toyota GT86)• Continuing focus on Inchcape Advantage to drive differentiation• Roll-out of Smart Repair capability across the network to internalise current spend and facilitate greater up-sell• Continue to leverage contact centres introduced in 2011 to drive additional enquiries and sales2012 New product launchesBMW 3 Series VW Up MB SLPorsche 911 Toyota Prius PHV Toyota GT 86 Lexus GS25

EuropeROS improvement despite challenging trading conditions2012 TIV est.2012 H1achievementsBelgiumFY estimate: 528k, -15% vs. 2011• Strengthened Toyota brand positioning: strength of Hybridas better alternative to diesel, breadth of 4X4 range, valuefor money• Aftersales: info kiosk and digital signage roll-out, allowingswift changes to campaigns and greater up-sell• Launched new models: Prius PHV & RX 450hGreeceFY estimate: 60k, -39% vs. 2011• Launched new models: Hilux SC, RX 450h• Head office relocated, delivering a significant rent reduction• Continued and enhanced Aftersales activities, increasing customerretention for cars within 6-year warranty period• Leverage the Go Toyota VISA credit card, launched in 2011, toboost upselling opportunities and aftersales customer retention2012 H2 focus• Leverage launch of new Toyota and Lexus models• Focus on tax advantages of hybrid cars in the premiumand fleet segments• Aftersales: Build on successful campaigns (Summer &Winter check-up days, MOT, VHC)• Promote brands in challenging market economy through focus onToyota brand positioning of value for money, technologicalsuperiority and environmental responsibility• Fully leverage launch of Yaris HSD, GT 86 & GS 450h• Continued focus on strategic initiatives to increase Aftersalesretention, especially for vehicles aged more than 5 years2012 New product launchesToyota Yaris HSD Toyota GT 86 Toyota Prius PHV Toyota Hilux SC Lexus GS26

South AsiaStrong revenue and profit growthSingapore2012 TIV est. FY estimate: 37k, -7.5% vs. 20112012 H1achievements• Benefitted from new product launches (Prius C, Camry, Suzuki Swift Sport & Lexus GS)• Outperformed Aftersales market through expansion of customer contact activities to grow enquires and capture rate with deliveryof a differentiated strategy for ‘in and out’ of warranty customers• Cost controls remained firmly in place• Investments made for upgraded retail facilities2012 H2 focus • Strong marketing of new models (RAV 4, Lexus LS)• Improve value for money propositions with differentiated Toyota warranty/service/loyalty offerings• Increase Aftersales retention rates through extended warranty, membership and promotional campaigns and broaden productrange (e.g. parts, repair packages, car grooming, etc)• Continue to attract more out-of-warranty customers with focused campaigns and offerings2012 New product launchesSuzuki Swift SportSuzuki Grand Vitara fl Toyota Wish flToyota Prius C Toyota GT 86 Lexus GS27

North AsiaRecord Operating ProfitHong Kong2012 TIV est.2012 H1achievementsFY estimate: 43k, +2% vs. 2011• Capitalised on strong new product launches (Prius C, Auris HV, Wish, Lexus GS, RX, & LX)• Favourable pricing evolution from new car product mix (Lexus & Jaguar Land Rover)• Market share improved YoY following supply shortages in Q2 2011• Continued growth in Aftersales performance through innovative added-value marketing programmes and location focusedpromotions• Cost control remains firmly in place2012 H2 focus• Leverage strong new product launches in H2• Focus on increasing insurance penetration• Grow share in the sedan segment with new Toyota model range (Mark X, Camry)• Leverage pioneer position in Hybrid segment with strong campaigns• Maintain strong momentum in Aftersales with innovative differentiated marketing programmes2012 New product launchesJaguar XF EstateRange Rover Toyota Wish fl Toyota GT 86Toyota Prius VToyota Prius C Lexus GS28

AustralasiaRecord volume, revenue and underlying OP performanceAustralia DistributionAustralia Retail2012 TIV est.2012 H1achievementsFY estimate: 1,080k, +7% vs. 2011• Successful launches of Subaru Impreza and XV followingnormalisation of supply from FHI• Solid performance in Aftersales• Maintained tight control of working capital and capex• Leveraged new model launches• Boosted Aftersales revenue and margin through continuedimprovements in retail call centre• Continued to deliver strong results in F&I2012 H2 focus• Leverage the launch of the Subaru BRZ compact sports car• Market the run-out of the Forester model ahead of the newversion• Further website upgrades and mobile apps to increasecustomer enquiries for both Sales and Aftersales• Drive Sales and Aftersales traffic with Inchcape Advantageprocesses (e.g. Appointment Desk, vehicle health check)• Continued focus on F&I opportunities• Redevelopment of VW Sydney (Chatswood)2012 New product launchesSubaru ImprezaSubaru XV Subaru BRZ VW UpVW Tiguan VW Beetle29

Russia and Emerging MarketsRevenue growth of 13% in H1Revenue (£m)Underlying OP (£m)700600564.7640.1302525.924.6500400300437.1476.0201516.1*2001010053.400H1 09 H1 10 H1 11 H1 12H1 09 H1 10 H1 11 H1 123 Year CAGR +14% 3 Year CAGR +94%* H1 10 excludes £7.5m Romanian land impairment30

RussiaRevenue growth of 9% in H12012 TIV est.2012 H1achievementsFY estimate: 2.75m, +4% vs. 2011• Leveraged new model launches (BMW 3 Series, Audi Q3, Lexus GS & Volvo V40)• Utilised reminder call programme to drive higher customer loyalty• Continued focus on innovative campaigns to drive higher retention of post warranty UIO• Controls on costs firmly in place2012 H2 focus • Leverage further new model launches to expand customer base and optimise model mix• Continue to develop Aftersales business through unique customer offers and post-warranty retention programmes• Build on momentum in Used cars growth with strong promotions• Retail capacity expansion in Moscow2012 New product launchesBMW 3 Series Lexus GSLexus LXJaguar XF Estate Range Rover Toyota Camry Peugeot 50831

Emerging MarketsRevenue growth of 18% in H1The Baltics The Balkans Poland South America Africa China2012 TIV est. FY estimate: 39k, +5%vs. 20112012 H1achievements• Capitalised onstrong new productlaunches• Successfulcampaign forAftersales oilchanges in Latvia• LPG offering for FordvehiclesimplementedFY estimate: 121k,-10% vs. 2011• Continueddevelopment of F&Iproduct offering• Romania: Hybrid testdrive sessions toincrease consumerfamiliarity• Aftersalescampaignsimplemented,targeting the postwarranty segmentFY estimate: 25k, +2%vs. 2011 (Luxury)• Strong model line-upleveraged, includingthe launch of thenew 3 Series Saloon• Our Warsawdealership wasawarded multipleawards for F&Iexcellence• VHC implementedfor customers closeto end of warrantyperiodChile: 11.5k, +7% vs. 2011Peru: 2.5k, +8% vs. 2011(Luxury)• Capitalised on thelaunches of the BMW 3Series and M5• Increased F&Ipenetration rate,following the launch ofBMW Financial Servicesin Chile in 2011• Aftersales campaignsimplemented to drivehigher retention andpromote upsellData not available• New Kality sitecompleted and setfor operation tostart in July 2012• Built on strongToyota UIO withAftersales growthFY estimate: 1.1m,+15% vs. 2011(Luxury)• Used car businessrolled out across 2sites• Continued increaseto F&I penetrationrate2012 H2focus• Leverage newproduct launches• Post warrantyAftersalescampaigns to drivegreater retention• Increase F&Ipenetration rates• Leverage newproduct launches,including Toyota GT86 and Yaris HSD• F&I retail leadgenerationprogramme• Leverage the launchof the BMW 3 SeriesCoupé and Touringvariants• New Wroclaw siteset to be completed• Continued focus onF&I opportunities• Leverage the launch ofthe BMW 3 SeriesCoupé• Further cement marketleadership within theluxury segment in Chile• Remain focused onVFM and maintainingpricing power• Leverage thelaunch of the newToyota Avanza• Focus onAftersales growth• Leverage launchesof Lexus ES250and ES300h• Opening ofPorsche NanchangBMW 3 Series BMW 1 Series 3dr BMW 6 Series Gran Coupe Toyota GT 86 Toyota Yaris HSD Toyota Avanza32

Capex investment in 2012Capacity expansionChilePeruRussiaPolandAustraliaGreenfield expansionMercedes JiujiangPorsche NanchangPorsche UKStandards upgradeUKSingaporeIT UpgradesMaintenance capexMarchguidance£33m£20m£31m£26m£20m£130mJulyguidance£19m£16m£22m£25m£18m£100mFull year guidance revised downwards to £100m33

Structural growthaheadEngineered forGrowth

Strong growth forecast in global car marketGlobal TIVGlobal Car Parc7982+28%889397101951984+22%1,0171,0541,0941,157millionmillion2012 2013 2014 2015 2016 20172012 2013 2014 2015 2016 2017Source: IHS Automotive (Global Insight)Source: LMC Automotive (JD Power)Growth opportunities in all categories: New, Used, F&I, Service & PartsGrowth opportunities across the value chain* TIV – Total Industry Volume (number of new cars sold) ** Car Parc refers to the number of cars on the roadUpdated July 201235

Uniquely positioned to take advantage ofglobal growthStrongest playerswill lead industryconsolidation5 global trendsTIV*+28%Car Parc**+22%Cyclical recoverywithBroad20basedout of 26globalmarketsrecoverybelowhistoric peakCar Parcgrowth in boththe fastgrowing andadvancedmarketsGreentechnology willacceleratereplacement inadvancedmarketsStructural growthled by wealthcreation inAPAC/EmergingMarkets* Source: IHS Automotive & ** Source: LMC Automotive36

Inchcape scale exposure to fast growing APAC /Emerging MarketsInchcapemarkets% InchcapeRevenue2009-11% InchcapeTrading profit2009-11AverageEBIT %2009-11GDP growthCAGR 2012-17(Source: IMF)TIV growth CAGR2012-17(Source: IHS Automotive (GlobalInsight))Car parc growthCAGR 2012-17(Source: LMC Automotive(JD Power))Asia-Pacific & EmergingMarkets 21 48% 65% 5.5% +3.9% +6.5% +3.6%UK & Europe5 52% 35% 2.7% +2.3% +3.9% +0.9%More than 2/3 of Group earnings derived from high margin APAC / EMUpdated July 201237

Inchcape is Engineered for Growth• Robust H1 PBT back to peak performance and a strong balance sheet• APAC / EM now c70% of Group trading profit• Attractive business model, highly cash generative• Scale player with strong share positions• Strategic route to market for OEM partners (Distribution & Retail)• Luxury and Premium focus• Diversified profit streams from 5 automotive categories: New vehicles,Used vehicles, Service, Parts and F&I• Differentiated and focused strategy with disciplined performance mgmt• Exciting growth prospects• Cyclical growth: 20 markets below historic peak• Structural growth: premiumisation of demand in APAC / EM andgrowth in demand for Green Luxury in developed marketsRight economies. Right brands. Right categories38

AppendicesEngineered forGrowth

Appendix V – DefinitionsDefinitionsLike-for-likeThe following are excluded from like-for-like sales:1. Businesses that are acquired, from the date of acquisition until the 13 th month of ownership2. Businesses that are sold or closed3. Retail centres that are relocated from the date of opening until the 13 th month of trading in thenew locationEmerging marketsEmerging markets are those markets in which the Group operates that prior to the global downturnhad entered the growth phase of their development cycle and we expect these markets to return tothat growth phase in the medium termThis currently covers the following countries:•The Balkans•The Baltics•Poland•China•Africa•South America•Russia40

Broad geographic spread – truly internationalUnited Kingdom (MLP)RAustralasiaSouth AsiaNorth AsiaEurope35.3% of ’11 Group Revenue17.4% of '11 Group Revenue5.1% of '11 Group Revenue7.4% of '11 Group Revenue13.8% of '11 Group Revenue23.1% of ’11 Group Tradingprofit21.1% of '11 Group Tradingprofit9.9% of '11 Group Trading profit16.1% of '11 Group Trading profit9.2% of '11 Group Trading profitKey:R = RetailD = DistributionVIR = Vertically integrated retail(ML) = A market leader(MLP) = A market leader, premium brandsAustraliaDRNew ZealandDSingaporeVIRBrunei (ML)VIRHong Kong (ML)VIRGuam (ML)VIRSaipan (ML)VIRMacau (ML)VIRBelgiumD RGreece (ML)D RFinlandDRLuxembourgDRRussia and EmergingMarketsChile (MLP)R VIREthiopia (ML)VIRMacedoniaVIRRussiaR21.0% of '11 Group Revenue20.6% of '11 Group TradingprofitAlbaniaDBulgariaD RChinaREstoniaVIRLatvia (ML)RVIRLithuania(ML)RVIRPeru (MLP)VIRPolandRRomaniaDRNote: Percentage figures represent revenue from third parties and trading profit (defined as operating profit excluding the impact of exceptional items and central costs)41

DisclaimerThe information and opinions contained in this presentation are provided as at the date of the document.Certain statements in this presentation, particularly those regarding the future prospects of Inchcape plc(“Inchcape”), returns, pricing, acquisitions, divestments, industry growth or other trend projections are ormay be forward-looking statements. These forward-looking statements are not historical facts, nor arethey guarantees of future performance. Such statements are based on current expectations and beliefand, by their nature, are subject to a number of known and unknown risks and uncertainties which maycause the actual results, prospects and developments of Inchcape to differ materially from thoseexpressed or implied by these forward-looking statements.Except as required by any applicable law or regulation, Inchcape expressly disclaims any obligation orundertaking to release publicly any updates or revisions to any forward-looking statements contained inthis presentation to reflect any change in Inchcape’s expectations with regard thereto or any change inevents, conditions or circumstances on which any such statement is based.All information in the presentation is the property of Inchcape plc and may not be reproduced orrecorded without the written permission of the company. Nothing contained in the presentationconstitutes or shall be deemed to constitute an offer or invitation to invest in or otherwise deal in anyshares or other securities of Inchcape plc.42

Engineered forGrowth© Inchcape 2012. All rights reserved. Proprietary and confidential information. No unauthorised copying or reproduction. Inchcape and the Inchcapelogo are the registered trademarks of the Inchcape Group.The information contained in this presentation has been obtained from company sources and from sources which Inchcape believes to be reliable but ithas not independently verified such information and does not guarantee that it is accurate or complete.