Vertu Motors plc (�the Group�) - AGM Statement

Trading in the first four months of the year ahead of expectations, benefitting from improved performance of prior year acquisitions and strong market conditions.

Peter Jones appointed Chairman

• Group has continued to generate strong revenue growth across all areas of business
• Acquisitions from prior years showing significant improvements
  • Higher sales of used vehicles
  • Stronger service revenues
• Market conditions remain strong

• Total revenues up by 34.8%, like-for-like revenues up 16.4%
• Total gross profit up by 28.4%, like-for-like gross profit up 9.9%
• Overall gross margins down due to revenue mix
• Operating expenses as a percentage of sales down

• Group�s like-for-like new retail volumes up by 13.5% outperforming the market (11.9%)
• Fleet operations like-for-like volumes up by 12.0%, outperforming the market (10.1%)
• Used vehicle sales up like-for-like by 13.5% outperforming the market (*5.9%)
• Increased like-for-like sales, gross profits and net profits in Aftersales

• Industry background includes
  • CEO of Lookers from 2009 to end 2013
  • Joint ownership of Bramall and Jones Ltd
  • Commercial Director at Inchcape Retail
  • CEO of C.D. Bramall plc
  • Commercial Director of Rover Cars UK & Ireland
• Industry heavyweight respected across automotive sector and investment community

For further information please contact:

Vertu Motors plc

Robert Forrester, CEO

Tel: 0191 491 2111

Michael Sherwin, FD

Tel: 0191 491 2114

Panmure Gordon (UK) Limited

Hugh Morgan
Callum Stewart

Tel: 020 7886 2500

Liberum Capital Limited

Peter Tracey
Jamie Richards

Tel: 020 3100 2000

Camarco

Billy Clegg
Georgia Mann

Tel: 020 3757 4980

Notes to Editors

Vertu Motors is the sixth largest automotive retailer in the UK with a network of 108 sales and aftersales outlets across the UK. Its dealerships operate predominantly under the Bristol Street Motors, Vertu, Farnell Land Rover and Macklin Motors brand names.

Vertu Motors was established in November 2006 with the strategy to consolidate the UK motor retail sector. It is intended that the Group will continue to acquire motor retail operations to grow a scaled dealership group. The Group's acquisition strategy is supplemented by a focused organic growth strategy to drive operational efficiencies through its national dealership network. The Group currently operates 106 franchised sales outlets and 2 non-franchised sales operations from 88 locations across the UK.

Vertu Motors group websites - www.vertumotors.com / www.vertucareers.com

Vertu Motors brand websites - www.bristolstreet.co.uk / www.vertuhonda.com / www.macklinmotors.co.uk / www.farnelllandrover.com / www.vertuvolkswagen.com / www.farnelljaguar.com