AGM Statement

Lookers PLC
10 May 2001


                                                                  10 May 2001.


LOOKERS PLC

                                AGM STATEMENT



At today's Annual General Meeting of Lookers Fred Maguire, Chairman, made the
following statement:-



'Last year our strategy of investing in people to win customers for life
enabled Lookers to make good progress in a challenging market place.  In
particular, mainland car sales increased by 26%, in a national market up by
only 1.1%, and our higher margin Service, Masterfit and Fastfit operations
increased operating profit by 23%.'



'I am pleased to report that this good progress has continued into the current
year alongside the continued return of consumer confidence to the new car
market.  March saw the introduction of the 'Y' registration plate and record
sales of 408,024 units.  In this more encouraging trading environment, we
continued to outperform the market with new car sales on the mainland in the
first quarter on a like for like basis up by 20%, against a market up 2.2%.
Charles Hurst also recorded a strong start to the new financial year.'



'Our strategy to downsize our loss making agricultural machinery division has
led to a further improvement in its performance, despite the negative impact
of the foot and mouth crisis.



'We continue to evaluate acquisition opportunities.  Our approach makes us
attractive partners to leading manufacturers and we will continue to
participate in the process of consolidation within the industry where
attractive opportunities are identified.  Since the period end, we have
completed the purchase of Henlys Chester to re-enforce our Renault coverage in
the area.  This is situated next to land we have already purchased for the
relocation of our Vauxhall dealership in the city.  In addition, the opening
of our new Renault dealership in Macclesfield strengthens our position in this
part of the country.'



'In conclusion, I am pleased to report that profits for the first three months
of the current financial year are well ahead of the comparable period last
year and in excess of our budget for the same period.  The Board expects a
strong performance for the year as a whole.'



                                    -ends-



Enquiries



Fred Maguire,  Executive Chairman
Allan Marston, Finance Director
Telephone:     [phone]

Andrew Hayes/Penny Davis, Hudson Sandler:  0207 796 4133