Announcement re: Pendragon

Lookers PLC
09 March 2006

                                                                    9 March 2006



                              Lookers plc

The Board of Lookers plc ('Lookers' or 'the Company') notes the announcement
made by Pendragon PLC ('Pendragon') this morning regarding an offer for the
Company. The Board is reviewing the situation and will make a further
announcement in due course.  In the meantime, shareholders are urged to take no
action at the current time.




                                   -ends-





Enquiries:



Lookers plc                                    Tel.:  [phone]
Ken Surgenor, Chief Executive
David Dyson, Finance Director



NM Rothschild & Sons Limited                   Tel.:  [phone]
Andrew Thomas



Hudson Sandler                                 Tel.:  [phone]
Andrew Hayes/Nick Lyon/James Hill



Numis Securities                               Tel.:  [phone]
Christopher Wilkinson




Dealing Disclosure Requirements:



Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers (the
'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Lookers or Pendragon, all '
dealings' in any 'relevant securities' of that company (including by means of an
option in respect of, or a derivative referenced to, any such 'relevant
securities') must be publicly disclosed by no later than 3:30pm (London time) on
the London business day following the date of the relevant transaction.  This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn or
on which the 'offer period' otherwise ends.  If two or more persons act together
pursuant to an agreement or understanding, whether formal or informal, to
acquire an 'interest' in 'relevant securities' of Lookers or Pendragon, they
will be deemed to be a single person for the purpose of Rule 8.3.



Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant
securities' of Lookers or Pendragon, by Lookers or Pendragon or by any of their
respective 'associates', must be disclosed by no later than 12:00 noon (London
time) on the London business day following the date of the relevant transaction.



A disclosure table, giving details of the companies in whose 'relevant
securities' 'dealings' should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.



'Interests in securities' arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an 'interest' by
virtue of the ownership or control of securities, or by the virtue of any option
in respect of, or derivative referenced to, securities.



Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website.  If you are in any doubt as to whether or not you are required
to disclose a 'dealing' under Rule 8, you should consult the Panel.




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