Clarke Inc. announces results of substantial issuer bid for debentures

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

HALIFAX, Nov. 10 /CNW/ - ("Clarke" or the "Corporation", TSX-CKI, TSX-CKI.DB, TSX-CKI.DB.A) announced the final results of its substantial issuer bid (the "Offer"), which was previously announced on September 16, 2009 and extended on October 26, 2009, for Series 2 6.0% convertible unsecured subordinated debentures due December 31, 2013 (the "Debentures") of the Corporation, issued under and pursuant to the provisions of a trust indenture dated December 22, 2005 and a supplemental trust indenture thereto dated November 28, 2006. The Offer expired at 5:00 p.m. (Eastern Time) on Tuesday November 10, 2006.

Based on the final report provided by the depositary for the Offer, a total of $9,336,000 principal amount of Debentures have been deposited as at the expiration of the Offer. The Corporation has taken up the entire $9,336,000 principal amount of Debentures deposited pursuant to the Offer in accordance with applicable securities laws and as set forth in the Offer documents.

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.

Note on Forward Looking Statements

This press release may contain or refer to certain forward-looking statements relating, but not limited to, Clarke's expectations, intentions, plans and beliefs with respect to Clarke. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "does not expect", "is expected", "budget", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or equivalents or variations, including negative variations, of such words and phrases, or state that certain actions, events or results, "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Forward-looking statements rely on certain underlying assumptions that, if not realized, can result in such forward-looking statements not being achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Clarke to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.

Although Clarke has attempted to identify important factors that could cause actual actions, events or results or cause actions, events or results not to be estimated or intended, there can be no assurance that forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Other than as required by applicable Canadian securities laws, Clarke does not update or revise any such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Accordingly, readers should not place undue reliance on forward-looking statements.

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SOURCE Clarke Inc.

For further information: For further information: Melinda Lee, Vice President Investments, Clarke Inc., (902) 442-3420, Fax: (902) 442-0187


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