Statement re Possible Offer for Lookers

29 June 2011

Trefick Limited ("Trefick"), Moor Park Capital Partners LLP ("Moor Park") and Brett Palos Capital No.2 Limited ("Palos"): Statement re possible offer for Lookers plc ("Lookers")

As announced by Lookers on 9 June, Trefick, Moor Park and Palos (the "Parties") were given access to conduct an initial due diligence exercise over the last three weeks. The Parties put forward a proposal that they believe fully values Lookers based on the new information received, but the board of Lookers has informed us that it is not prepared to continue discussions on this basis.

As required by the Panel on Takeovers and Mergers, the Parties have therefore withdrawn their joint approach regarding a possible offer for the entire issued share capital of Lookers and do not intend to make an offer.

This announcement is made in accordance with Rule 2.8 of the City Code on Takeovers and Mergers. As permitted by Rule 2.8, the Parties reserve the right to make an offer for Lookers:

(i) with the agreement or recommendation of the Lookers board;

(ii) in the event of an announcement of an offer for Lookers by a third party; or

(iii) in the event of an announcement by Lookers of a "whitewash" proposal or reverse takeover.

Except in such circumstances the Parties will not be permitted under Rule 2.8 to make an offer for Lookers within a period of six months from the date of this announcement.

Enquiries:

Smith Square Partners LLP

020 3008 7147

John Craven

Ben Mingay

Redleaf Polhill

020 7566 6720

Emma Kane

Samantha Robbins

e: [email protected]

Smith Square Partners LLP, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Trefick, Moor Park and Palos and no one else in connection with matters described in this announcement and will not be responsible to anyone other than Trefick, Moor Park and Palos for providing the protections afforded to clients of Smith Square Partners LLP nor for providing advice in relation to matters described in this announcement.

The release, distribution or publication of this announcement in jurisdictions other than the UK may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the UK should inform themselves about and observe any applicable requirements.

A copy of this announcement will be available on Moor Park's website at www.moorparkcapital.com.