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LKQ Corporation Acquires Albert Lea Auto Salvage

Located approximately ninety miles south of Minneapolis on forty acres of land in Albert Lea, MN, this business will service the greater Minneapolis and St. Paul area, and provide a strategic link within LKQ's network of facilities.

"Once fully incorporated into our network, this investment is expected to enhance our ability to further penetrate the Minnesota market," said Joe Holsten, LKQ's President and Chief Executive Officer. "The trailing annual revenue of this business is approximately $5 million."

This acquisition is not expected to be dilutive to the earnings per share of LKQ; however, for 2004 the accretion is expected to be less than $0.01 per share on a fully diluted basis.

LKQ Corporation is a nationwide provider of recycled OEM automotive replacement parts and related services, with 41 sales and processing facilities, 4 self-service retail automotive parts facilities and 11 redistribution centers that reach most major markets in the United States. Through its 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 20 locations serving 15 states primarily east of the Mississippi River.

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