Response to Pendragon

Lookers PLC
27 April 2006


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF 
AMERICA, CANADA, AUSTRALIA OR JAPAN

27th April 2006





Lookers plc ('Lookers' or 'the Company')


Lookers response to Pendragon acceptance announcement



Lookers notes the announcement this afternoon by Pendragon that it received only
21% acceptances for its offer for the Company.

Ken Surgenor, Chief Executive, said : 'Shareholders have recognised the growth
potential of Lookers and rejected Pendragon's offer.  We appreciate their
support.  Lookers is a people business and I would like to thank all of my
colleagues for their hard work and commitment during a period of uncertainty.
We can now fully focus on delivering continued out-performance in what is a very
dynamic sector.'


Enquiries:


Ken Surgenor
David Dyson
Lookers plc                                                       0161 291 0043


Andrew Thomas
N M Rothschild & Sons Limited                                     0161 827 3800


Andrew Hayes
Nick Lyon
James Hill
Hudson Sandler                                                    020 7796 4133


Christopher Wilkinson
Numis Securities                                                  020 7776 1530



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 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declared, unconditional as to acceptances, lapses or is otherwise withdrawn or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 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 or Pendragon by Lookers 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.


N M Rothschild & Sons Limited ('Rothschild'), which is authorised and regulated
by the Financial Services Authority in the United Kingdom, is acting for Lookers
in connection with the offer and no one else and will not be responsible to
anyone other than Lookers for providing the protections offered to clients of N
M Rothschild & Sons Limited nor for providing advice in relation to the offer.




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