AGM Statement

Clarke(T.) PLC 05 May 2006 T. Clarke plc T CLARKE HERALDS IMPROVING ORDER BOOK Speaking at today's Annual General Meeting, Russell Race, Chairman of T. Clarke plc, ('T. Clarke') the Electrical engineering and contracting Group, will make the following statement. ' The year has started well. There is a positive outlook in our core market, the commercial property development sector. We are also pleased to report that the prospects in our other regional markets made up of projects in the retail, housing and education sectors remains upbeat. ' The Board is confident that the Group will report an upturn in our order book through the latter half of 2006. Our current pipeline of work is strong. We are anticipating a sharp upturn in the number of high quality projects commencing in 2007 and 2008 which will increase the demand for our specialist electrical services in the 'build up' to 2012. ' During the first quarter, we are delighted to have secured work on some of the most prestigious projects in London. These include work on the 201 Bishopsgate and Broadgate tower schemes in the City, the 02 Dome, the Shell Centre and a major redevelopment scheme at Greenwich Waterfront. Our current order book stands at £200m. ' We are nearing the end of a cycle of flat growth and pressure on margins. Our business is made up of a broad mix of long and short term contracts and is therefore slower to respond to the well publicised sharp upturns and downturns in the construction industry. ' We have had a good first quarter in order intake and we are experiencing a slow improvement in margin recovery. We have the capacity in terms of resources and management to meet the increasing demand for our services, which is likely to benefit long-term margin improvement. ' We are alert to the sharp escalation in commodity prices, in particular steel and copper and of the perceived shortage of skilled labour. We are confident that the steps we have already taken will mitigate this risk. ' In conclusion the outlook, despite the challenging nature of our core markets is good, and the Group is on course to meet current market expectations.' -ends- Date: 5th May 2006 For further information contact: T. Clarke plc cityPROFILE Pat Stanborough, Chief Executive Simon Courtenay John Daly, Finance Director Andrew Harris Tel: 020-7358-5000 Tel: 020-7448-3244 Web: www.tclarke.co.uk This information is provided by RNS The company news service from the London Stock Exchange

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