Acquisition

Clarke(T.) PLC 12 March 2004 T. Clarke plc T. CLARKE STRENGTHENS GROUP WITH £5.9M ACQUISITION OF MITCHELL & HEWITT The Board of T. Clarke plc ('T. Clarke'), the electrical engineering and contracting company today announces the acquisition of the entire Ordinary Share capital of Mitchell & Hewitt Ltd for £5.9m, of which £1.5m will be satisfied by the issue of new shares in T. Clarke. There is a further contingent consideration payable of £1m. Mitchell & Hewitt is a privately owned electrical and mechanical contractor with 120 employees based in Derby. The company has a high quality client base and a strong presence in Derby and surrounding East Midlands region. In the year to March 2003, Mitchell & Hewitt reported turnover of £10.447m, a pre-tax profit of £701,000 and net assets of £885,000. Pat Stanborough Chief Executive commented, ' I am pleased to announce the acquisition of Mitchell & Hewitt. It is a very good local business, which has a very strong reputation in the East Midlands. I am confident that it will complement and enhance our existing Midlands operations extremely well. ' We are keen to broaden the base of our regional operations and this acquisition fits our strategy perfectly.' -ends- Date: 12 March 2004 For further information contact: T. Clarke plc City Profile Group Pat Stanborough, Chief Executive Simon Courtenay John Daly, Finance Director Tel: 020-7448-3244 Tel: 020-7358-5000 Web: www.tclarke.co.uk This information is provided by RNS The company news service from the London Stock Exchange BX

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Tclarke (CTO)
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