Clarke announces normal course issuer bid



    HALIFAX, March 9 /CNW/ - George Armoyan, President and CEO of
Clarke Inc., announced today that Clarke has filed a notice with the Toronto
Stock Exchange and received its approval to purchase, through the facilities
of the Toronto Stock Exchange, for cancellation, a portion of its 6%
convertible unsecured subordinated debentures due 2013. Under the normal
course issuer bid Clarke intends to repurchase up to $11,455,700 in aggregate
principal amount of its convertible debentures, representing 10% of the public
float of $114,557,000 as at March 9, 2007. As at the same date, there was
$115 million in aggregate principal amount of the convertible debentures
outstanding. Purchases will be made at market prices. The normal course issuer
bid will commence on March 13, 2007 and terminate on March 12, 2008.
    The directors and senior management of Clarke are of the opinion that the
purchase of the convertible debentures from time to time would be a worthwhile
use of available funds and in the best interests of the company and its
shareholders. No previous purchases of the convertible debentures have been
made by Clarke.

    About Clarke

    Clarke Inc. is the Halifax-based parent company of a number of
wholly-owned operating companies and divisions, and is an activist catalyst
investor with a diversified portfolio of strategic and opportunistic
investments. Clarke's operating companies are in the transportation services
business. From time to time, Clarke also participates in joint ventures when
they offer the opportunity to create shareholder value. Led by George Armoyan
and an entrepreneurial team of professionals focused on uncovering and
creating value, Clarke invests in undervalued businesses and participates
actively where necessary to enhance performance and increase returns. In 2006
alone, Clarke delivered a shareholder return on investment, including
dividends, of 33%. Clarke's securities trade on the Toronto Stock Exchange
(CKI, CKI.DB, CKI.DB.A); for more information about Clarke, please visit our
website at www.clarkeinc.com.
    %SEDAR: 00009934E




For further information:

For further information: Jan Imeson, Executive Vice President & Chief
Financial Officer, Clarke Inc., (902) 442-3413, Fax: (902) 442-0187


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