Share Buy-Back

Lookers PLC
30 January 2002

                                                                 30 January 2002



                    Lookers plc ('Lookers' or 'the Company')

                                 Share Buy-Back



The board of Lookers announce that, pursuant to the passing by shareholders of
the resolution proposed at the Company's Annual General Meeting held on 10 May
2001 authorising the Company to repurchase shares, the Company yesterday
repurchased 702,333 8% Cumulative Redeemable Preference Shares of £1 each at a
price of 101.75 pence per share ('the Buy-Back Preference Shares'). The Buy-Back
Preference Shares will be cancelled following the above repurchase thereby
reducing the issued preference share capital of the Company to 13,888,940 8%
Cumulative Redeemable Preference Shares of £1 each.





Enquiries:

Allan Marston, Group Finance Director, Lookers plc

0161 291 0043



Andrew Hayes, Hudson Sandler

020 7796 4133









                      This information is provided by RNS
            The company news service from the London Stock Exchange