Clarke Inc. announces increased investment in Supremex Income Fund


    HALIFAX, July 23 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 894,500 units of Supremex Income Fund ("Supremex") bringing its total
holdings in Supremex to 7,410,800 units representing approximately 25.28% of
the total outstanding units of Supremex. The acquisition was made pursuant to
an exemption from the takeover bid requirements under applicable securities
    The Supremex units held by Clarke and George Armoyan, the President and
Chief Executive Officer of Clarke, together total 7,430,800 units,
representing approximately 25.35% of the total outstanding units of Supremex.
    The purchase of the Supremex 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 Supremex, dispose of some or
all of the existing or additional units of Supremex, or continue to hold the
units of Supremex 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 Mr. Armoyan with respect
to units of Supremex.

    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
    %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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