Acquisition of Plowright

Clarkson PLC 04 January 2006 CLARKSON PLC Acquisition of Plowright Further to the announcement made on 3 November 2005 Clarkson PLC ('Clarksons') confirms that it has now completed the acquisition of the J O Plowright (Holdings) Limited ('Plowright') group of companies. Plowright, based in London, is a privately owned shipbroker, owned 62% by an Employee Trust and 38% by its Pension Fund. Plowrights has 26 staff predominantly serving the petrochemical, products, lubricant, gas, vegetable oil and molasses freight markets. The initial consideration for the acquisition of £8.1 million was satisfied as to £7.4 million in cash and £0.7 million by the issue of 79,918 new ordinary shares in Clarksons. Deferred consideration of up to £1.0 million may be payable over the next 2 years dependent on the achievement of performance targets over that period; Clarksons will issue up to a further 114,168 new ordinary shares to cover this potential liability. Plowright's last audited results to 31 August 2004 indicated a pre-tax loss of £0.1 million which adjusted for non-recurring charges and using an accounting basis consistent with Clarksons would have produced a pre-tax profit in the region of £1.25 million. Gross assets at 31 August 2004 were £2.5 million. The vendors have warranted net assets at date of completion of £0.1 million. Clarksons' expanded operating platform will enable the company to respond proactively to the needs of its present and future customers within this specialised sector of the shipping industry. Application is being made to the UK Listing Authority and to the London Stock Exchange for the new ordinary shares to be admitted to the Official List and to trading on the London Stock Exchange. For further information: Richard Fulford-Smith Clarkson PLC Telephone: +44 774 704 3139 Richard Whittet J O Plowright (Holdings) Limited Telephone: + 44 20 7334 3482 Notes to editors Background to Clarkson PLC Clarkson PLC (which is listed on the London Stock Exchange) is acknowledged as the world's leading shipping services group. Through its unrivalled and extensive global network of offices it is able to give its clients unique access to a wide range of shipping services. Clarksons covers shipbroking, research, publications, derivatives and logistics. Clarksons' strategy is to expand and develop the group around these key activities. For further information on Clarkson PLC, please visit the company's website at www.clarksons.com This information is provided by RNS The company news service from the London Stock Exchange GGLS

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