Interim Results June 2009

“Our improved financial results for the first six months of the year demonstrate the good progress we have made in cutting costs and reducing working capital requirements. It is pleasing that the actions we have taken have had a positive effect on the Group’s performance although we are very aware that the general economic environment in the UK remains tough and that we need to remain firmly focused on our key objectives. These are to keep costs in line with activity levels, generate cash to reduce debt and now to build unit sales volume, especially in our used car business."