LKQ Corporation Acquires Greenleaf Auto
Recyclers, LLC From Schnitzer Steel
Industries, Inc. and Sells Some of Its Retail
Oriented Self-Service Recycling Businesses

Oct. 2, 2009

GreenLeaf late Model auto parts recycling

LKQ Corporation today announced that it has acquired Greenleaf Auto Recyclers, LLC ("Greenleaf") from Schnitzer Steel Industries, Inc. ("SSI") . Greenleaf is the entity through which SSI operated in the late model automotive parts recycling business.

In addition, SSI has acquired from LKQ four retail oriented self-service recycling facilities in Oregon and Washington. LKQ also sold certain business assets to SSI related to two self-service facilities in Northern California and a self-service facility in Portland, OR. LKQ will close the two self-service facilities in Northern California and convert the self-service operation in Portland, OR to a wholesale recycling business.

LKQ has also agreed, subject to customary closing conditions, to sell SSI two self-service recycling facilities in Dallas, TX with an anticipated closing date in mid-January 2010.

Terms of these transactions were not disclosed.

"These transactions provide us with additional wholesale recycling capacity and enhanced customer penetration in numerous markets in our late model recycled auto parts business line, and provide our initial entry to the northern Virginia market," said Joe Holsten, LKQ's President and Chief Executive Officer.

Mr. Holsten added, "While the self-service operations we are disposing of are good businesses, they fit better with SSI's operations and business model."

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