Litigation - Update

Clarkson PLC
29 April 2008



                                                                   29 April 2008


                                  Clarkson PLC


                              Litigation - Update


The Board has reviewed with its advisers the litigation concerning previously
announced claims totalling $67m from Sovcomflot and Novoship, the Russian
state-owned shipping companies. As a result of the discovery of new evidence and
ongoing discussions with the Claimants the Board has decided, without any
admission of liability, to make a further provision against the claims of £8m.


The Board's view of the further potential claim by Sovcomflot regarding routine
year end valuations remains unchanged from the views expressed in the 2007
annual report. Accordingly no provision has been made against this potential
claim.

Enquiries:
Clarkson PLC:                                                      020 7334 0000
Richard Fulford-Smith, Chief Executive Officer
Jeff Woyda, Finance Director

Hudson Sandler:                                                    020 7796 4133
Jessica Rouleau
Fran Read







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