Penny Lancaster puts on a busty display for charity event in London

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She's married to one of the world's most famous pop stars.

Yet Penny Lancaster stole the show on Friday at her and husband Rod Stewart's Memories That Matter event in London to raise money for the Teenage Cancer Trust.

The model, 48, put on a busty display in a plunging figure-hugging black and gold sequinned dress as she joined British singer Ellie Goulding and plenty of other stars at the charity event. 

Stunning: Penny Lancaster, 48, put on a busty display in a plunging black and gold sequinned dress for a Memories That Matter event

Stunning: She was joined by recently married singer Ellie Goulding for the event in London on Friday

Stunning: Penny Lancaster, 48, put on a busty display in a plunging black and gold sequinned dress as she joined Ellie Goulding [R] for the Memories That Matter event in London on Friday 

Penny's honey-hued tresses were styled in luscious curls which flowed over her shoulders. 

With her phenomenal dress, Penny added a black velvet shoulder bag which featured a gold chain. 

As well as wowing on her own, TV presenter Penny also posed happily with stars including former Formula 1 driver David Coulthard, 48, and designer Jeff Banks, 76. 

Penny's outing comes after she and Rod, 74, embarked on the holiday of a lifetime in Tanzania last month.   

Amazing: The model looked stunning in the intricate gown as she arrived for the charity event organised by herself and husband Rod Stewart in aid of the Teenage Cancer Trust

Amazing: The model looked stunning in the intricate gown as she arrived for the charity event organised by herself and husband Rod Stewart in aid of the Teenage Cancer Trust

A star: With her phenomenal dress, Penny added a black velvet shoulder bag which featured a gold chain

A star: With her phenomenal dress, Penny added a black velvet shoulder bag which featured a gold chain

Busty: The star's maxi dress stole the show at the charity event, which was held to raise money for the Teenage Cancer Trust

Busty: The star's maxi dress stole the show at the charity event, which was held to raise money for the Teenage Cancer Trust

Racy: As well as wowing on her own, TV presenter Penny also posed happily with stars including former Formula 1 driver David Coulthard, 48

Racy: As well as wowing on her own, TV presenter Penny also posed happily with stars including former Formula 1 driver David Coulthard, 48

Here she is! Penny also made a glamorous arrival on the stage in her black and gold sequinned gown

Important: She proudly spoke at the charity event

Here she is! Penny also made a glamorous arrival on the stage in her black and gold sequinned gown as she spoke at the charity event

Speaking ahead of the event last week, Penny told The Evening Standard that she has had her eyes opened in recent years to the troubles teenagers face when they battle cancer.

She said: 'Since our boy has just turned into a teenager he’s come along to a couple of charity events. You think teenagers are going through so much as it is... and the idea of having to deal with cancer on top as well — I could not think of anything worse.'

The evening revolved around a silent auction with prizes including a trip to jewellery firm Swarovski’s HQ in the Austrian Alps and dinner at the Ritz with

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