Acquisition

Lookers PLC
20 February 2002

                                                                20 February 2002



                              Lookers plc ('Lookers')

                       Acquisition of Vauxhall Market Area

Lookers Group announces the acquisition of the business and share capital of 452
(Birmingham) Limited from Vauxhall Motor Holdings Limited. The business is to be
re-named Lookers Birmingham Limited.


Immediately following this transaction the Lookers Group acquired the business
and certain of the assets of the Vauxhall outlets trading as Rystar Aston and
Selly Oak from Ryland Group plc.


The total combined consideration of approximately £2million, which equates to
net asset value, was settled in cash.


These acquisitions present Lookers with one of the largest market areas for
Vauxhall in the U.K.


Commenting, Fred Maguire, chairman, said: 'This is an important step in
developing our relationship with Vauxhall in this important trading area. These
outlets complement our profitable Vauxhall outlets on Merseyside and the Wirral
providing additional opportunities and economies of scale.'





Contacts:

Lookers plc


F S Maguire - Executive Chairman                 Tel No: 0161 291 9015
A S Marston - Group Financial Director           Tel No: 0161 291 9006



Hudson Sandler

Andrew Hayes                                      Tel No: 0207 710 8906
James Hill                                        Tel No: 0207 710 8907



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