Interim Results

Clarke(T.) PLC
23 August 2002

                                 T. Clarke plc

             Interim Results for the six months ended 30 June 2002

      CONFIDENT T CLARKE LIFTS INTERIM DIVIDEND 40%

T. Clarke plc, the electrical engineering and contracting company, has announced
its interim results for the six months ended 30 June 2002.

Highlights:


      • Profit Before Tax * up 31% to £4.6M (2001: £3.5M) (* Before Goodwill)

      • Profit Before Tax up 27% to £4.4M (2001: £3.4M)

      • Turnover up 5% to £67.1M (2001: £63.8M)

      • EPS up 24% to 22.58p (2001: 18.26p)

      • Interim Ordinary Dividend up 40% to 7p (2001: 5p)

      • GDI Electrical Ltd. Acquired for £1.53M

      • W. E. Manin Ltd. Acquired for £1.55M

      • Kestrel Electrical Systems Ltd. Acquired for £0.7M



Major completions include:     - H.M. Treasury Building


                                - Peter Jones, Phase I

                                - HSBC Tower, Canary Wharf

                                - Deutsche Bank, Hayes Computer Centre

Major projects won include:     - Bank of America, Canary Wharf


                                - More London, London Bridge

                                - Eversheds, Cardiff

                                - South Middlesborough City Academy

Pat Stanborough, Managing Director commented:

' The Group is continuing to make excellent progress. The Group's order book is
strong and we are winning a lot of repeat business from existing customers. We
have made a number of important bolt-on acquisitions during the first half that
strengthens our profile of regional work. Our balance sheet remains very healthy
and in line with the Group's success, we have lifted the dividend significantly.

' Current trading remains very positive and we are confident that the Group's
performance for the full year is well on track.'

                                     -ends-

Date:     23 August 2002

For further information, please contact:
T. Clarke plc                                               City Profile Group
Pat Stanborough, Managing Director                          Ed Senior
John Daly, Finance Director                                 Simon Courtenay
Tel: [phone]                                          Tel: [phone]
web: www.tclarke.co.uk                                      e-mail: [e-mail]



CHAIRMAN'S STATEMENT

Interim Results

The first half of 2002 saw pleasing progress in growing both the Group's
turnover and profitability. Turnover rose by 5% to £67.1m ( 2001: £63.8m ),
whilst pre-tax profits - aided by certain significant contract completions -
increased by 27% to £4.4m ( 2001: £3.4m ). Before goodwill write-offs, the
Group's profit increased by 31%, to £4.6m ( 2001: £3.5m ).

Against this very solid background, the Board is declaring an interim dividend
of 7p per share (2001: 5p ), representing an increase of 40%. The dividend will
be paid on 16th September 2002 to shareholders on the register on 6th September
2002. The shares will be marked ex-dividend on 4th September 2002.

Strategic Development

Our strategy to grow the scale of the business is performing well. We are
winning work in different sectors, ensuring that the Group is not over reliant
on one particular sector. As well as making good progress in the existing
operations, we continued during the first half of the year to extend our
regional coverage. In January we acquired GDI Electrical, based in Altrincham,
for £ 1.53m. and, as reported at the Annual General Meeting, two further
additions were made subsequently. W.E.Manin, located at Sittingbourne, Kent, was
acquired for £ 1.55m in April, and in May we purchased Kestrel Electrical
Systems based in Rowley Regis, West Midlands for £ 0.7m. Whilst GDI and Kestrel
enhance our existing presence in the North -West and the Midlands respectively,
W.E.Manin brings us a new area of operation, and an excellent customer base, in
Kent and beyond. We welcome these new additions to the T. Clarke Group and we
are confident that that they will each make worthwhile contributions to the
Group's future profitability and success.

Current Trading

Current trading is positive. Activity generally across the Group remains at a
high level and we continue to win a good proportion of new work that we are
tendering for. We had some major contract completions during the first half and
this, together with continuing rigorous and prudent attention to the financial
management of the Group, has enabled us to maintain a strong net cash position
at the half year, despite the acquisitions of the new subsidiaries. We
anticipate that the balance sheet will retain its strength during the second
half.

Prospects

Whilst we remain sensitive to the general economic environment, and the
possibility of UK weakness, the specific markets in which we specialise show no
current signs of a slowdown. Much of our work, especially in London and the
South- East, is of a long-term nature, whilst the expansion of our regional base
- with a generally different customer base and contract time-scale - gives us
comfort.

With strength in our key subsidiaries, and successful integration of our
recently acquired subsidiaries, I remain confident of our full year prospects.



Russell Race

Chairman

23 August 2002



GROUP PROFIT & LOSS ACCOUNT


                                                           Unaudited                   Unaudited            12 Months to

                                                         6 Months to                 6 Months to        31 December 2001

                                                        30 June 2002                30 June 2001
                                                               £,000                       £,000                   £,000

Turnover                                                      67,122                      63,845                 131,795
                                                            ________                    ________                ________

Operating Profit                                               4,330                       3,244                   8,101
Goodwill Amortisation                                          (250)                        (95)                   (240)
Interest                                                         278                         287                     564
                                                            ________                    ________                ________

Profit on Ordinary Activities                                  4,358                       3,436                   8,425
Before Taxation

Taxation                                                     (1,463)                     (1,095)                 (2,807)
                                                            ________                    ________                ________

Profit on Ordinary Activities                                  2,895                       2,341                   5,618
After Taxation

Dividends                                                      (897)                    (1,923)*                (3,846)*
                                                            ________                    ________                ________

Surplus Transferred to Reserves                                1,997                         418                   1,772
Earnings per Share                                            22.58p                      18.26p                  43.82p
                                                            ________                    ________                ________

Dividend per Share                                                7p                        15p*                    30p*
                                                            ________                    ________                ________

 * Includes Special Dividend 10 pence per share (£1,282,000)



GROUP BALANCE SHEET
                                                             Unaudited at           Unaudited at           31 December
                                                             30 June 2002           30 June 2001                  2001
                                                                    £,000                  £,000                 £,000

Fixed Assets
Goodwill                                                            4,406                  2,710                 2,555
Tangible Fixed Assets                                               3,384                  2,461                 2,404
                                                                 ________               ________              ________
                                                                    7,790                  5,171                 4,959
                                                                 ________               ________              ________
Deferred Taxation                                                      43                     43                    49
                                                                 ________               ________              ________
Current Assets
Work in Progress                                                    8,795                 14,408                 5,320
Debtors                                                             9,643                  7,234                15,548
Cash at Bank and in Hand                                           22,170                 15,849                16,440
                                                                 ________               ________              ________
                                                                   40,608                 37,491                37,308
                                                                 ________               ________              ________
Current Liabilities
Bank Overdraft                                                      4,120                  3,051                 3,453
Creditors and Accruals                                             28,201                 26,517                25,850
                                                                 ________               ________              ________
                                                                   32,321                 29,568                29,303
                                                                 ________               ________              ________
Net Current Assets                                                  8,287                  7,923                 8,005
                                                                 ________               ________              ________
Total Assets Less Current Liabilities                              16,120                 13,137                13,013
Provision for Liabilities and Charges                               1,110                  1,478                     -
                                                                 ________               ________              ________
                                                                   15,010                 11,659                13,013
                                                                 ________               ________              ________
Capital and Reserves
Share Capital                                                       1,282                  1,282                 1,282
Share Premium                                                       1,047                  1,047                 1,047
Profit and Loss Account                                            12,642                  9,290                10,645
Revaluation Reserve                                                    39                     40                    39
                                                                 ________               ________              ________
Equity Shareholders Funds                                          15,010                 11,659                13,013
                                                                 ________               ________              ________





CASH FLOW STATEMENT
                                                        Unaudited               Unaudited            The Year Ended
                                                       Six Months              Six Months              31 December
                                                          Ended                   Ended                   2001
                                                      30 June 2002            30 June 2001
                                                      £,000        £,000      £,000        £,000       £,000       £,000

Net Cash Inflow (Outflow) from Operating                          10,167                   5,939                   9,713
Activities

Returns on Investments and Servicing of Finance

Interest received (Net)                                              278                     288                     564

Taxation                                                         (1,285)                   (610)                 (2,067)

Capital Expenditure and Financial Investment
Purchase of Tangible Fixed Assets                                  (683)                   (114)                   (194)

Acquisitions and Disposals

Purchase of Subsidiary Undertakings                 (2,669)                 (1,850)                  (2,150)
Net Cash Acquired with Subsidiaries                   1,179                   1,649                    1,607
                                                     ______                  ______                   ______
                                                                 (1,490)                   (201)                   (543)
                                                                  ______                  ______                  ______
Equity Dividends Paid                                            (1,923)                 (1,500)                 (3,423)

Cash Inflow (Outflow) Before Financing                             5,064                   3,802                   4,050

Financing
Cash Placed on Short Term Deposits                              (18,500)                (14,000)                (15,000)
Cash Received from Short Term Deposits                            15,000                   9,800                   9,800
                                                                  ______                  ______                  ______
Net Cash Inflow (Outflow) from Financing                         (3,500)                 (4,200)                 (5,200)
                                                                  ______                  ______                  ______
Increase (Decrease) in Cash in The Period                          1,564                   (398)                 (1,150)
                                                                  ______                  ______                  ______

Reconciliation of Operating Profit to Net Cash
Inflow (Outflow) from Operating Activities:-

Operating Profit                                                   4,330                   3,244                   7,860
Goodwill Amortisation                                                250                      95                     240
Depreciation Charges                                                 163                     143                     280
(Increase) Decrease in Work in Progress and                        2,431                   (709)                     584
Debtors
Increase (Decrease) in Creditors                                   2,993                   3,166                     749
                                                                  ______                  ______                  ______
                                                                  10,167                   5,939                   9,713
                                                                  ______                  ______                  ______



 NOTES:




 1. The results for the half year are unaudited.

 2. The accounts have been prepared using accounting policies consistent with
    those adopted for the year ended 31st December 2001.

 3. Earnings per share are calculated on the basis of the weighted average of
    12,818,980 ordinary shares in issue (2001 : 12,818,980) and profit
    attributable to shareholders of £2,895,000 (2001 : £2,341,000).

 4. An interim ordinary dividend of 7.0p per share is proposed payable on 16th
    September 2002 to shareholders on the register on 6th September 2002. The
    shares will go ex-dividend on 4th September 2002.

 5. This interim report will be circulated to members on 29th August 2002 from
    which date copies will be available to the public at or on application to
    the company's registered office: T. Clarke plc, Stanhope House, 116-118
    Walworth Road, London SE17 1JY, telephone number 020-7358-5000 (Ext. 211).




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