AGM Statement

Clarkson PLC
25 May 2005


                                  CLARKSON PLC
                CHAIRMAN'S COMMENTS FROM ANNUAL GENERAL MEETING
                                 ON 25 MAY 2005

TRADING STATEMENT

'Although the scaling back of growth in demand from China, Japan and the Far
East has resulted in freight rates declining from the record highs achieved late
last year, the first four months of this financial year have started well.
Freight rates, as measured by our ClarkSea Index have averaged just under
US$30,000 per day, well above the average for last year, despite falling from
US$33,500 at the end of 2004 to US$24,900 at present.

We remain committed to providing a global service for all our clients, focussing
on the underlying cargo base.  We have a significant presence in all the major
tanker centres around the world and our influence in this sector is increasing.
The acquisition of Ferrobulk has been integrated successfully and earlier this
month we added a dedicated Liquid Petroleum Gas team to our London desk.  We are
committed to the continued growth of our existing teams.

Our logistics business has sold one of its two Singapore based combination
carriers and our share of the profit is approximately £2.5 million.  Clarkson
Ferries recently acquired the CFF Seine, thereby guaranteeing continuity of
service for Channel Freight Ferries on its daily sailings.

Early this month we successfully moved our London operations from Camomile
Street to larger and more modern office space at St Magnus House, adjacent to
London Bridge.  I would like to thank all those who made this possible with
minimal interruption of the existing business.

In conclusion, the company continues to generate high volumes of business.  The
major part of this will underpin the results for the remainder of this financial
year.  There is also a significant element that will help build a sound base for
future periods.  Furthermore, the company continues to benefit from the forward
business booked in previous periods.

With continued growth forecast in the world economy, the outlook remains
positive with trading and profitability in line with  management's expectations.

As we indicated in the Annual Report and Accounts, the directors are seeking to
appoint a new non-executive director to improve the overall balance of the
board.  We hope to make an announcement on this matter shortly.

I would like take this opportunity to thank all our employees who made such a
significant contribution in achieving the record result in 2004.'


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