Univan Ship Management

Clarkson PLC
21 August 2001

Univan Ship Management

Clarkson PLC ('Clarksons'), the leading international shipping services and
broking group, today announces that a mutual agreement has been reached with
Univan Ship Management Limited ('Univan') to terminate their business
relationship.

Rob Ward, Finance Director of Clarkson PLC, said 'It became increasingly
obvious over recent years that Clarkson PLC and Univan Ship Management Limited
do not share the same vision. However, Clarksons values the experience gained
during its association with Univan and intends to continue to develop its ship
management business interests in the future'.

                                    -Ends-

For further information contact:

Rebecca Sly/Barnaby Fry Citigate Dewe Rogerson Tel: [phone]