Clarke Announces Sale of B.C. Real Estate


    HALIFAX, June 10 /CNW/ - Clarke Inc. (the "Company" or "Clarke")
announced today that it has agreed to sell the lands and building located at
2000 Hartley Avenue, Coquitlam, British Columbia previously used in connection
with the business of Clarke's wholly-owned subsidiary, Art in Motion Income
Fund. The transaction is expected to close on July 7, 2009 with expected
aggregate proceeds to Clarke of $13,500,000, less customary closing and legal

    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 sale of Company property. 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: Matt Towns, Vice President, Research and Risk
Management, Clarke Inc., (902) 442-3000, Fax: (902) 423-4001

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