Acquisition

Lookers PLC
18 June 2001

 
 
         LOOKERS PLC STRENGTHEN THEIR PRESENCE IN SOUTH EAST WITH 
                        PURCHASE OF BROADFIELDS 
 
Lookers plc, a leading national operator in the UK's retail motor industry is
pleased to announce the acquisition of Broadfields Land Rover business
situated in Bishops Stortford. 
 
Located in a prominent main road position on Dunmow Road, the new facility is
in an adjacent territory to the well established Lookers Land Rover
businesses in Chelmsford and Hadleigh. Graham Kimberley, Lookers Land Rover
Franchise Director will be in overall charge of the new facility. 
 
The acquisition of Broadfields strengthens Lookers representation with Land
Rover, bringing the total to three franchises in the South East. Together
with the Land Rover dealership operated by Charles Hurst in Belfast the Group
now operates four of the top Land Rover dealerships in the UK. 
 
Fred Maguire, Chairman, Lookers plc, commented: 'I am delighted with the
purchase of Broadfields. The acquisition not only strengthens our position in
the South East but also means that we are well placed for the future allocation
of franchises from the Premier Automotive Group'. 
 
 
Enquiries: 
Fred Maguire 
Lookers plc. Telephone: [phone] 
 
Penny Davis 
Hudson Sandler. Telephone: [phone]