LKQ Corporation Initial Public Offering Priced at $13.00 Per Share

CHICAGO--Oct. 3, 2003--LKQ Corporation priced its initial public offering of 7,000,000 shares of its common stock at $13.00 per share. Selling stockholders are offering 2,000,000 of the 7,000,000 shares to be sold in the offering. The selling stockholders have granted the underwriters the right to purchase up to an additional 1,050,000 shares to cover over-allotments.

Robert W. Baird & Co. served as lead manager of the offering and Jefferies & Company, Inc. acted as co-manager. A prospectus may be obtained from Robert W. Baird & Co., 777 East Wisconsin Avenue, Milwaukee, WI 53202 or Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022.

LKQ Corporation is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with 38 sales and processing facilities and 12 redistribution centers that reach most major markets in the United States.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding LKQ Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in LKQ Corporation's Prospectus dated October 2, 2003.