Acquisition

Lookers PLC
08 August 2005

                                                                   8 August 2005
                                   LOOKERS PLC

                  Acquires first Volvo dealerships in Scotland


Lookers plc announces that it has signed Heads of Agreement with John Martin
Group Ltd to acquire two Volvo dealerships in Glasgow and Hamilton, Scotland.
The acquisition increases our Volvo outlets from two to four in the UK, and also
represent our first Volvo outlets in Scotland.

Initially, Lookers will continue to operate short-term rental agreements in the
existing locations. However, the Group intends to relocate the dealerships to
its existing Premier Automotive Group ('PAG') facilities in Glasgow and
Motherwell. Lookers, which trades under the Taggarts brand in Scotland, will
relocate one of the dealerships to its multi-franchise Mazda, Jaguar and Land
Rover site in Motherwell, and locate the other at its Jaguar outlet in Maryhill
Road, Glasgow. These relocations will be completed in the early part of 2006.

Commenting, Ken Surgenor, Chief Executive said:

'In line with our stated strategy, this acquisition complements our existing PAG
businesses in the Glasgow market area and strengthens our offering of prestige
brands.

We fully expect this business to contribute positively to earnings in the next
financial year and look forward to realising economies of scale in the region.'

This transaction is expected to complete between now and the end of the month
when further information will be released.


Enquiries:

For further information:
Ken Surgenor, Lookers Chief Executive:                   0161 291 0043
David Dyson, Lookers Finance Director:                   0161 291 0043
James Hill, Hudson Sandler:                              020 7796 4133


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