LKQ Corporation Completes Acquisition of Pick-Your-Part Auto Wrecking in California

CHICAGO, Aug. 26, 2008 -- LKQ Corporation announced that it has completed its previously announced acquisition of Pick-Your-Part Auto Wrecking, an auto recycler with nine recycling locations in California. We paid 60% of the purchase price with LKQ Corporation common stock.

"We are very pleased to complete our acquisition of Pick-Your-Part," said Joseph Holsten, President and Chief Executive Officer of LKQ Corporation. "We are excited about the prospects for these California retail oriented recycled parts businesses, and we believe Pick-Your-Part will help us expand our Southern California wholesale recycling business."