LKQ Corporation Acquires East Coast Aftermarket Business

CHICAGO--Feb. 1, 2005--LKQ Corporation today announced that it acquired Bodymaster Auto Parts, Inc. and a related company that operate in the aftermarket collision automotive replacement parts business.

Revenue of this business for the twelve months ended December 31, 2004 was approximately $19.5 million. Bodymaster has two warehouse locations with approximately 100 employees and approximately 35 delivery vehicles. Bodymaster serves customers throughout New Jersey and Delaware as well as the greater areas of Philadelphia, Washington, D.C. and Baltimore. We paid approximately $15.4 million, net of acquired cash, for this business.

We expect this business will provide between $0.03 and $0.04 in diluted earnings per share to LKQ in 2005.

"The territory covered by Bodymaster significantly expands the aftermarket and recycled parts markets served by our existing businesses," stated Joseph Holsten, President and CEO. "Through the addition of Bodymaster, we accomplish two major objectives. First, we penetrate the aftermarket parts business in three major U.S. markets, namely Philadelphia, Baltimore, and Washington, D.C., and second, we create the ability to leverage Bodymaster's strong market position to accelerate the growth of our recycled parts business in these densely populated areas."

LKQ also announced that it increased its unsecured credit facility availability from $75 million to $100 million with its bank group. In addition, LKQ amended its credit facility to provide for the option to further increase the facility from $100 million to $125 million, with the funding subject to approval from the banks. LKQ's bank group is comprised of Bank of America, N.A., LaSalle Bank National Association, Bank One, N.A. and National City Bank. In order to make any borrowing under the credit facility, LKQ must be in compliance with all of the covenants under the credit facility including a senior debt to Earnings Before Interest, Taxes, Depreciation and Amortization or EBITDA ratio not to exceed 2.50 to 1.00.

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of recycled OEM automotive replacement parts and related services, with 45 sales and processing facilities, 7 self-service retail automotive parts facilities and 11 redistribution centers that reach most major markets in the United States. In addition, 3 facilities are located in Central America. Through our subsidiary Global Trade Alliance, Inc., which operates under the trade name Action Crash Parts, LKQ is one of the largest suppliers in the Midwest of aftermarket collision automotive replacement parts, operating in over 20 locations serving 15 states primarily east of the Mississippi River.

Forward Looking Statements