Acquisition

Clarkson PLC 18 March 2005 CLARKSON PLC Acquisition of Ferrobulk Clarkson PLC today announces that it has successfully completed the acquisition of the Ferrobulk group of companies ('Ferrobulk'). Ferrobulk, based in Genoa, is a privately owned shipbroker with 30 staff predominantly serving the dry bulk sector. The initial consideration for the acquisition of £4.2 million, will be satisfied as to £3.4 million in cash and £0.8 million by the issue of 86,234 new ordinary shares in Clarksons. Deferred consideration of up to £6.0 million may be payable over the next 3 years dependent on the achievement of earnings targets over that period. Ferrobulk had a post tax profit of £0.5 million in the year ended 31 December 2004 and had net assets of £1.1 million at that date. As indicated in the announcement of 12 January 2005 Clarkson's Italian business, Clarksons Italia, will be merged with Ferrobulk to create a substantial operating platform in the Italian market. This deal, which enables Clarksons to take advantage of the strong Ferrobulk franchise, offers significant opportunities to enhance the services offered by Clarksons to local clients in the Italian shipping market. Application will be made to the UK Listing Authority and to the London Stock Exchange for the new ordinary shares to be admitted to trading on the Official List. For further information: Richard Fulford-Smith Clarkson PLC Telephone: +44 774 704 3139 Massimo Dentice Ferrobulk Srl Telephone: + 39 010 55 401 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

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Clarkson (CKN)
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