Trading Statement

Clarkson PLC 16 January 2008 16 January 2008 Clarkson PLC Trading Update Prior to entering its close period for the year ended 31 December 2007, the Board of Clarkson PLC ('Clarksons') is pleased to provide the following update: Trading Since the publication of its interim results on 5 September 2007, trading conditions have continued to be extremely buoyant. Notwithstanding the weakness in the US Dollar during most of the second half, the majority of the business has performed very well, leading to a second half trading result that will be substantially ahead of the Board's original expectations. This result has been driven by particularly strong performances in the dry cargo, derivatives and sale and purchase businesses. Fund Management has also outperformed our expectations, with performance net of fees of the Clarkson Shipping Hedge Fund of 26.7% for the year ended 31 December (unaudited). Year-end Result Separately the Board has reviewed, with its advisers, the litigation concerning previously announced claims totalling USD67 million, from Sovcomflot and Novoship, the Russian state-owned shipping companies. As a result of its considerations, the Board has decided, without any admission of liability, to make a provision against the claims of £6 million and now expects profit before tax, after taking account of this provision, for the year ending 31 December 2007 to be in line with analysts' expectations. Commenting, Richard Fulford-Smith, Chief Executive said: 'The second half has been very positive for Clarksons with strong growth in most parts of the business and the Board looks forward confidently to 2008, although we remain cautious as we expect some impact from uncertainty in global economic conditions during 2008.' Preliminary results for the year ending 31 December 2007 will be announced on 17 March 2008. Enquiries: Clarkson PLC 020 7334 0000 Tim Harris, Chairman Richard Fulford-Smith, Chief Executive Officer Jeff Woyda, Finance Director Hudson Sandler 020 7796 4133 Jessica Rouleau Quiller Consultants 020 7233 9444 John Eisenhammer This information is provided by RNS The company news service from the London Stock Exchange

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