Proposed Acquisition

Lookers PLC 15 April 2008 15 April 2008 Lookers plc Proposed Acquisition of Bramall and Jones VW Limited Lookers plc ('Lookers'), one of the UK's leading motor retail groups, is pleased to announce the proposed acquisition of the entire share capital of Bramall and Jones VW Limited ('the Company') for a total cash consideration of approximately £2 million. The Company comprises two Volkswagen businesses and a contract hire and leasing business. This will increase our representation of Volkswagen from 9 to 11 outlets. In addition, it gives us an entry into the contract hire market with an experienced management team and a fleet of approximately 1,500 vehicles. In view of the fact that 51% of the Company is owned by DCA Bramall, who is also a Director of Lookers, shareholder approval is being sought for this transaction. A Circular will therefore be posted to shareholders later today. Completion is anticipated to take place on 1 May 2008. Enquiries: Lookers plc Telephone: 0161 291 0043 Ken Surgenor, Chief Executive David Dyson, Finance Director Hudson Sandler Telephone: 020 7796 4133 Andrew Hayes Nick Lyon This information is provided by RNS The company news service from the London Stock Exchange

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Lookers (LOOK)
UK 100

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