Subsidiary's Acquisition

Lookers PLC
31 July 2000


LOOKERS PLC PURCHASE OF 
BUSINESS AND ASSETS OF DAVID PRENTICE LIMITED



Lookers plc ('Lookers') is pleased to announce the purchase by its subsidiary
company Charles Hurst Limited ('Charles Hurst') of the business and assets of
David Prentice Limited ('Prentice') based in Northern Ireland.

Prentice has 5 motor dealerships comprising 3 Renault and 2 Chrysler Jeep
franchises situated in the Lisburn and North Down areas.

The adjusted profit before taxation for the fifteen month period ended 31st
March 2000 amounted to £699,234.

The consideration for the acquisition equates to the current net asset value
of property, plant and equipment and stocks which in total amounts to
£4,588,877 and will be settled in cash - £4,438,877 on completion and the
balance of £150,000 within two weeks.

Lookers believes that the addition of Prentice to Charles Hurst will further
strengthen the Group's trading position.  Charles Hurst has been a long term
partner of Renault in Northern Ireland and the addition of the Prentice
outlets underlines the manufacturers confidence in the Group. Lookers already
has representation with Chrysler Jeep on the mainland and this will be
complemented by the 2 further outlets.

Copies of this announcement may be obtained from the Registered Office of
Lookers plc, 776 Chester Road, Stretford, Manchester M32 0QH.

For further information please contact Lookers plc - Tel No:  0161 291 0043


                     Fred Maguire              -       Chief Executive
                     Allan Marston             -       Financial Director