Asbury Automotive Group Provides Update On Service Impacts Related To The CDK Cyber Incident; Says "This Incident Has Adversely Impacted The Company's Business Operations, A Circumstance Likely To Continue Until Such Time As The Relevant Systems Are Fully Restored"

Asbury Automotive Group, Inc. (NYSE:ABG) ("we," "our" or the "Company"), one of the largest automotive retail and service companies in the U.S., learned on Wednesday, June 19, 2024, that one of its vendors (CDK Global) experienced a cyber-attack impacting certain services provided to the Company and many other automotive retailers, including the Company's sales, service, inventory, customer relationship management, and accounting functions. Upon discovery of the incident, we took immediate precautionary steps to protect our systems.

While information surrounding this event continues to evolve, our stores have contingency plans in place to minimize disruptions to our daily operations. Accordingly, at this time, our ability to sell and service vehicles remains operational, although some elements of our business may function slower than normal. Our Koons Automotive locations in Maryland and Virginia do not utilize CDK's Dealer Management System or CDK's Customer Relationship Management system and therefore continue to operate with minimal interruption, as does Clicklane, our online vehicle purchasing platform.