Clarke Inc. announces investment in General Donlee Income Fund



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

    HALIFAX, Nov. 15 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 37,200 units of General Donlee Income Fund ("General Donlee")
bringing its total holdings in the units of General Donlee to 158,600 units
representing approximately 2.01% of the total outstanding units.
    Geosam Investments Limited ("Geosam") owns 1,264,138 units of General
Donlee representing approximately 16.04% of the total outstanding units. Under
applicable securities legislation, Clarke may be seen to be acting jointly or
in concert with Geosam. Taken together, the General Donlee units held by
Clarke and Geosam total 1,422,738 units, representing approximately 18.06% of
the outstanding units of General Donlee.
    The purchase of the General Donlee units by Clarke was made through the
facilities of the Toronto Stock Exchange for investment purposes. Clarke may,
from time to time, acquire additional units of General Donlee, dispose of some
or all of the existing or additional units of General Donlee, or continue to
hold the units of General Donlee in the normal course of Clarke's investment
activities.
    The issuance of this news release does not constitute an admission by
Clarke that it is acting jointly or in concert with Geosam with respect to
units of General Donlee

    About Clarke

    Clarke is a Halifax-based activist and catalyst investment company with a
diversified portfolio of strategic and opportunistic investments, including
several wholly-owned subsidiaries operating in the transportation services
industry. 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 Inc., please visit
our website at www.clarkeinc.com.
    %SEDAR: 00009934E




For further information:

For further information: Melinda Lee, Vice President Investments, Clarke
Inc., (902) 442-3420, Fax: (902) 423-4001


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