Company Announcements

Lookers plc

Director / PDMR Shareholding

Grant of share options under the Lookers plc Long-Term Incentive Plan

The Board of Directors of Lookers plc ("Lookers" or the "Company") announces that, following approval by the Company's Remuneration Committee, on 12 January 2023 the Company granted nil cost share options pursuant to the rules of the Lookers Long-Term Incentive Plan over ordinary shares of £0.05 each in the capital of the Company (the "Options").

The Options, which comprise nil cost share options granted in respect of the 2023 financial year to senior employees, are exercisable upon the Committee determining vesting following the end of the performance period subject to meeting stretching Cumulative Underlying Earnings Per Share, Strategic, and Environmental performance targets over a three financial year period to 31 December 2025.

Details of the options granted to PDMRs are as follows:

The Options are subject to malus and clawback in line with the Company's Directors' Remuneration Policy and the Rules of the Plan. A two-year holding period is applicable following vesting.

In accordance with Article 19 of the UK Market Abuse Regulation, detailed information about the grant of the Options to PDMRs is attached to this announcement.

Enquiries:

Lookers                                                                                                                      0161 291 0043

Mark Raban, Chief Executive Officer

Oliver Laird, Chief Financial Officer

MHP Communications

Tim Rowntree / Simon Hockridge                                                                          020 3128 8193

The Company is registered in England at Lookers House, 3 Etchells Road, West Timperley, Altrincham WA14 5XS.  Company registration number 00111876.  LEI number 213800TSB8PJEACDAV33

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM