Response to Pendragon PLC

Lookers PLC
03 February 2006

                                                                 3 February 2006



                                   Lookers plc

               Response to Pendragon ('Pendragon PLC') Announcement

Lookers plc ('Lookers') notes Pendragon's announcement in relation to its offer
for Reg Vardy PLC ('Reg Vardy') this afternoon.  Lookers is reviewing the
announcement and considering its response.  Lookers will make a further
announcement in due course.

Enquiries:

Lookers plc                                       Tel.:  [phone]
Ken Surgenor, Chief Executive
David Dyson, Finance Director

NM Rothschild & Sons Limited                      Tel.:  [phone]
Andrew Thomas

Hudson Sandler                                    Tel.:  [phone]
Andrew Hayes/Nick Lyon/James Hill

Numis Securities                                  Tel.:  [phone]
Christopher Wilkinson


Dealing Disclosure Requirements:

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Lookers, Reg Vardy or
Pendragon, all 'dealings' in any 'relevant securities' of that company
(including by means of an option in respect of, or a derivative referenced to,
any such 'relevant securities') must be publicly disclosed by no later than 3:
30pm (London time) on the London business day following the date of the relevant
transaction.  This requirement will continue until the date on which the offer
becomes, or is declared, unconditional as to acceptances, lapses or is otherwise
withdrawn or on which the 'offer period' otherwise ends.  If two or more persons
act together pursuant to an agreement or understanding, whether formal or
informal, to acquire an 'interest' in 'relevant securities' of Lookers, Reg
Vardy or Pendragon, they will be deemed to be a single person for the purpose of
Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Lookers, Reg Vardy or Pendragon, or by any of their respective '
associates', must be disclosed by no later than 12:00 noon (London time) on the
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by the virtue of any option
in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website.  If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.


                      This information is provided by RNS
            The company news service from the London Stock Exchange