Clarke Inc. - Press Release



    TSX: CKI; CKI.DB; CKI.DB.A

    HALIFAX, Feb. 21 /CNW/ - Clarke Inc. ("Clarke") announced today that it
has been advised that the Nova Scotia Securities Commission is investigating a
2005 trade by Clarke in the securities of Advanced Fiber Technologies (AFT)
Income Fund, to determine whether securities laws were breached.
    Clarke's board of directors has established a special committee comprised
of three independent directors to deal with such investigation.

    About Clarke

    Halifax-based Clarke Inc., led by an entrepreneurial team of investment
professionals, is an activist and catalyst investment company that creates
shareholder value by identifying businesses with the potential for improved
performance, and working actively to uncover the value. Clarke's securities
trade on the Toronto Stock Exchange (CKI, CKI.DB; CKI.DB.A); for more
information about Clarke Inc., please visit our website at www.clarkeinc.com.

    Information in this news release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. There can be no assurance as to the results of the
investigation referred to herein, including as to whether Clarke would be
successful in defending any proceeding that might result, or as to whether
other matters may be subject to investigation or proceedings in the future.
You should not place undue importance on forward-looking information and
should not rely upon this information as of any other date. The Company
disclaims any intention or obligation to update the information in this press
release or revise any other forward-looking statements, whether as a result of
new information, future events or otherwise, except as expressly required by
law.
    %SEDAR: 00009934E




For further information:

For further information: David Matheson Chair, Special Committee, (902)
442-0333


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