Acquisition

Lookers PLC
28 February 2006

                                                                28 February 2006


             Lookers plc acquires six dealerships from H.R. Owen Plc


Lookers plc, one of the UK's leading multi-franchise motor retail groups, today
announces completion of the acquisition of the business and certain assets of
six dealerships from H.R. Owen Plc comprising six Premier Automotive Group 
('PAG') franchises including two Jaguar, two Land Rover and two Volvo
dealerships, located in Colchester, Ipswich and Bury St Edmunds adjacent to our
existing PAG territory.

This announcement follows the approval given on 27 February 2006 at the
Extraordinary General Meeting of H.R. Owen Plc of the disposal of its Premier
Automotive Group East Anglia business.

The consideration payable in cash will be approximately £5.4 million comprising
£2.2 million goodwill and the balance being fixed assets together with the net
book value of stocks.

The acquisition is expected to add approximately £55 million to Lookers' annual
turnover and is in line with the Group's strategy to expand the existing market
areas with preferred manufacturers in which Lookers already operates. The
acquisition will increase the Group's number of Land Rover outlets from seven to
nine and the number of Volvo outlets from four to six, across the UK. Lookers
already operate five Jaguar outlets in Scotland and Northern Ireland and this
acquisition means we will represent Jaguar for the first time in England.

Commenting, Ken Surgenor, Chief Executive said:

'We are delighted to have acquired these high quality dealerships and we remain
focussed on growing Lookers organically and by acquisition.'



For further information:
Ken Surgenor, Lookers Chief Executive:                           0161 291 0043
David Dyson, Lookers Finance Director:                           0161 291 0043

Andrew Hayes / Nick Lyon / James Hill, Hudson Sandler            020 7796 4133



Notes to editors:

Lookers plc, headquartered in Stretford, Manchester, is one of the UK's leading
multi-franchise motor retail groups. It operates over 86 franchised outlets and
36 vehicle servicing and parts sales facilities across the UK. It also owns
Charles Hurst, the largest motor dealer in Northern Ireland.

Lookers, which reported annual turnover of approximately £1.1 billion for the
year ended December 2004, represents 23 marques, roughly equally split between
volume (13) and prestige (10).  The Group specialises in new and used car sales,
as well as servicing and parts distribution.

For further information on Lookers, including all its outlets in the UK and the
franchises it represents, please visit its website at www.lookers.co.uk.



                      This information is provided by RNS
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