Holding in Company

Lookers PLC
4 September 2001


Lookers plc (the 'Company')

NOTIFICATION OF MAJOR INTERESTS IN SHARES

The Company was notified today by Guinness Peat Group plc, that following a
sale (date not specified), they now have a notifiable interest in 1,216,626
ordinary shares of 25p each. This represents 3.59% of the issued share capital
of the Company.

4 September, 2001

WestLB Panmure Limited