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Asbury Automotive Group Announces Public Offering

November 16, 2006

NEW YORK—Asbury Automotive Group Inc. announced that shareholder Asbury Automotive Holdings LLC has agreed to sell 3,072,856 shares of the company’s common stock in a public offering, reported Automotive News.

The offering will be underwritten by Goldman, Sachs & Co. and the shares are being sold for the account of funds affiliated with Ripplewood Partners LP, the company said.

Asbury ranks No. 6 on the Automotive News list of the top 100 dealership groups in the United States with retail sales of 105,521 new vehicles in 2005.

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