Acquisition

Lookers PLC
05 November 2003

                                                                 5 November 2003

                     Lookers plc completes Savilles acquisition


Lookers plc, a leading UK motor retail group, today announces the completion of
its acquisition of Savilles Auto Village Limited (Savilles) through its
Belfast-based subsidiary Charles Hurst Limited for a cash consideration of
approximately £3.3m.


This acquisition gives Lookers two Vauxhall outlets in Lisburn and Portadown in
a geographical area where we already have a strong presence. Our objective going
forward is to provide a third facility for Vauxhall in the key strategic
location of Boucher Road, Belfast.


Commenting, Ken Surgenor, Chief Executive said:-


'We are delighted to have been given the opportunity to represent Vauxhall in
Northern Ireland.


We are currently the largest retailer of Vauxhalls in the United Kingdom, and
this acquisition further reinforces that position.


We fully expect this profitable business to contribute positively to earnings
and to add approximately £40m to annual turnover. Over time, we will, through
our market area approach, be able to drive further operational efficiencies.'



Enquiries:


Ken Surgenor - Chief Executive
                                   Telephone  [phone]
David Dyson  - Finance Director


James Hill - Hudson Sandler        Telephone  [phone]

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