STAMFORD, Conn., Feb. 12 /PRNewswire-FirstCall/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the nation's largest automotive retailers, today announced that it will release its fourth quarter and year-end financial results before the market opens on February 27, 2003. Senior management, including Kenneth B. Gilman, President and CEO, and Thomas F. Gilman, Senior Vice President and CFO, will host a conference call later that morning, at 10:00 a.m. Eastern Time.

The conference call will be simulcast live on the Internet and can be accessed by logging onto http://www.ccbn.com or http://www.asburyauto.com. A replay will be available at these sites for 14 days.

In addition, a live audio of the call will be accessible to the public by calling 800-289-0437; International callers, please dial 913-981-5508. Callers should dial in approximately 5-10 minutes before the call begins.

A conference call replay will be available one hour following the call for 14 days and can be accessed by calling 888-203-1112 (domestic), or 719-457-0820 (international); access code - 473580.

About Asbury Automotive Group

Asbury Automotive Group, Inc. headquartered in Stamford, Connecticut, is one of the largest automobile retailers in the U.S. Asbury operates through nine geographically concentrated, individually branded "platforms". These platforms operate 93 retail auto stores, encompassing 131 franchises for the sale and servicing of 36 different brands of American, European and Asian automobiles. The company offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts. SOURCE Asbury Automotive Group, Inc.

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/CONTACT: Tom Pratt of RFBinder Partners, +1-212-994-7563, tom.pratt@rfbinder.com, for Asbury Automotive Group, Inc./

/Web site: http://www.asburyauto.com