Clarke Announces Renewal of Normal Course Issuer Bid

    HALIFAX, Aug. 14 /CNW/ - Clarke Inc. (TSX: CKI) announced today that it
has filed a notice with the Toronto Stock Exchange and received its approval
to purchase, through the facilities of the Toronto Stock Exchange, up to
1,597,053 common shares, representing 10% of the public float of 15,970,536
issued and outstanding common shares as at August 7 , 2009. As at August 7,
2009 there are 26,375,002 issued and outstanding common shares. From February
1, 2009 to July 31, 2009, the average daily trading volume of Clarke common
shares was 11,912 common shares. Under TSX Rules, the Company may purchase up
to 25% of the average daily trading volume, or 2,978 common shares, on any
day. Any common shares purchased by Clarke pursuant to the Offer will be
    Purchases may commence on August 19, 2009 and will terminate on August
18, 2010.
    The Directors and Senior Management of Clarke are of the opinion that
from time to time the purchase of Clarke common shares at the prevailing
market price would be a worthwhile use of available funds and in the best
interests of the company and its shareholders. As at August 7, 2009, Clarke
acquired 278,800 common shares by means of open market transactions pursuant
to the normal course issuer bid that expires August 18, 2009, at a weighted
average price of $6.50 per share.

    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

    Note on Forward Looking Statements

    This press release may contain or refer to certain forward-looking
statements relating, but not limited to, the Company's expectations,
intentions, plans and beliefs with respect to the Company. 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 include, without limitation, those with
respect to the purchase of Company securities. 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 the Company to be materially different from the
historical results or from any future results expressed or implied by such
forward-looking statements. Although the Company 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, the Company 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.
    %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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