Pre-Close Trading Update

Clarkson PLC 05 July 2007 5 July 2007 Clarkson PLC Pre-Close Trading Update On entering its close period, Clarksons PLC are pleased to announce the following update: Trading For the 6 months ended 30 June, 2007, the buoyant trading conditions outlined at the time of our Preliminary Results in March and our AGM in May, have continued to deliver growth across the business. As a result, despite the continuing weak US Dollar and on-going absorbed legal costs associated with the Soviet shipping cases, the Group's trading in the first half continues to be significantly ahead of the comparable period last year and in line with management expectations. Acquisitions and newly formed businesses established in line with our strategy to further spread our base of business are performing well and contributing revenue growth as expected. Our Fund Management business had a successful first year, with performance for the year to 30 April delivering returns of 19.28% to investors, net of fees. Performance continued to be good through May and June and funds under management as at 2 July stand at USD 77 million (December 2006 - USD 47million). As anticipated, the new senior members of our global Sale and Purchase team have already delivered significant growth in turnover. Newbuilding activity has been particularly strong with significant additions to the forward order book. Second hand markets have remained positive and spot billings for this year will also demonstrate clear improvement on the same period last year. Dry cargo market conditions remain strong and increased volumes of period and spot business, particularly in our futures broking arm, have delivered both revenue and profit growth during the first half. Our dry cargo global footprint is substantial and as a consequence of the extremely positive freight market most of our overseas offices show continued growth. Our tanker and gas businesses continue to trade profitably despite relatively weaker freight market conditions, particularly in the gas markets. Acquisition We are also pleased to announce today that Clarkson has agreed to merge its Houston operation with Normarine Offshore Consultants (USA) Inc ('NOC'). NOC acts as a broker in the sale and purchase, newbuilding, and charter of mobile offshore drilling units. Clarksons Offshore acts as a broker in the sale and purchase, financing, newbuilding and chartering of vessels supporting oilfield operations such as anchor handlers, platform supply, diving , production and subsea Vessels. The total consideration of £2.7 million will be satisfied by the issue of shares and as a result, application will be made to the UK Listing Authority and to the London Stock Exchange for admission to the Official List for a listing of 291,132 Ordinary Shares of £0.25 each. These shares, ranking pari passu in all respects with the existing shares in issue, will be allotted to Mr Steve Lawrence, the owner of NOC. It is expected that admission of the Ordinary shares will become effective on 10 July 2007. Interim Results Interim results for the 6 months ending 30 June will be announced on Wednesday 5 September 2007. Commenting, Richard Fulford-Smith, Chief Executive said: 'We are delighted to see continuing expansion of business lines in accordance with our strategy to further spread our base within shipping and shipping related products. The merger of our Houston based business with Normarine's will further add to our ability to deliver the fullest possible range of products and services to our global customer base. The Board remains confident of further progress in the second half.' Enquiries: Clarkson PLC 020 7334 0000 Richard Fulford-Smith, Chief Executive Officer Jeff Woyda, Finance Director Hudson Sandler 020 7796 4133 Jessica Rouleau This information is provided by RNS The company news service from the London Stock Exchange

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