Clarke Inc. announces increased investment in TerraVest Income Fund


    HALIFAX, Aug. 28 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 19,200 units of TerraVest Income Fund ("TerraVest"), bringing its
total holdings in TerraVest to 2,985,400 units, representing approximately
15.22 % of the total outstanding units.
    The TerraVest units held by Clarke and George Armoyan, the Executive
Chairman of Clarke, together total 3,499,700 units, representing approximately
17.84 % of the total outstanding units.
    The purchase of the TerraVest 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 TerraVest, dispose of some or
all of the existing or additional units of TerraVest, or continue to hold the
units of TerraVest 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 TerraVest.

    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, 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 include, without limitation, those made with
respect to the purchase or disposition of TerraVest 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 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.
    %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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