Statement re Possible Offer for Lookers plc

3 May 2011

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE TAKEOVER CODE (THE "CODE"). IT DOES NOT REPRESENT A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.5 OF THE CODE. ACCORDINGLY, THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL ULTIMATELY BE MADE.

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")

Trefick, Moor Park and Palos (the "Parties") have noted the announcement made by Lookers on 27 April and the subsequent press speculation regarding the involvement of Trefick as a potential offeror. Trefick, Moor Park and Palos confirm that they have made a joint approach regarding a possible offer for the entire issued share capital of Lookers.

The approach, in respect of a potential cash offer, was made formally to the Board of Lookers in writing. The Parties have requested access to certain information in order to confirm the cash offer, but the Board of Lookers has, to date, declined to provide this.

This is an announcement falling under Rule 2.4 of the Code. It does not represent a firm intention to make an offer under Rule 2.5 of the Code. Accordingly, there can be no certainty that any offer will ultimately be made.

A further announcement will be made in due course.

Notes for editors:

Trefick is a private Isle of Man investment company focusing on investment into stock exchange listed property asset backed businesses and direct property assets. It currently owns 66,224,910 ordinary shares in Lookers, representing 17.3 per cent of the total shares in issue.

Moor Park is an independent real estate private equity investment advisory firm, authorised and regulated by the FSA, with primary offices in London, Madrid, Luxembourg, Hamburg, Amsterdam and Jersey and JV offices in Nashville and Phoenix. The principals of Moor Park have to date lead/advised and invested in real estate transactions with a total value of c. €24 billion and currently have c. €2.0 billion of real estate assets under management.

Brett Palos is an active venture capitalist and real estate investor. He has extensive investments in commercial and residential property and was the chairman and largest shareholder of ISA Supplies Team, a stationery distribution group that was sold to a private equity group in 2007.

Enquiries:

Smith Square Partners LLP

020 3008 7147

John Craven

Ben Mingay

Redleaf Polhill

020 7566 6700 / 07876 338339

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.