Trading Statement

Clarke(T.) PLC 08 January 2003 T. Clarke plc TRADING UPDATE The Board of T. Clarke plc ('T. Clarke'), the electrical engineering and contracting company today announces a trading update following the end of the financial year to 31 December 2002. Since the Interim announcement at the end of August, trading results have continued to be very satisfactory in the final months of 2002. The Board is confident that pre-tax profits due to be announced in early March, will be ahead of market expectations. At the interim stage, the Board highlighted the strength of the Company's balance sheet, and the cash position has continued to improve during the final quarter. This leaves the Company particularly well placed to fund any future acquisition opportunities which meet the Board's strict criteria. Regarding the outlook for 2003, it is evident that within the commercial construction market and, especially in London and the South East, that a well-flagged slowing down of new orders is now occurring. In some cases projects are being delayed until later in the year or shelved, whilst on future work there is likely to be margin pressure. Against this, there are also large and exciting projects which are progressing and, T.Clarke expects to win its fair share of such orders during the year. Some of these projects will provide work well into 2004 and 2005. On balance, the Board feels that although Group turnover and profits in 2003 will be satisfactory given the present climate, they are likely to be lower than the levels achieved in 2002. However, the Board also anticipates that the Company's balance sheet will remain robust throughout the year. The Board is confident that the regional businesses acquired recently will continue their encouraging performance. T. Clarke now benefits from a diverse workload with a broad spread throughout the UK. The growth plans for the regional businesses remain on track. The preliminary announcement of the Group's results for the financial year ended 31 December 2002 will be on 7 March 2003. -ends- Date: 8 January 2003 For further information contact: T. Clarke plc City Profile Group Pat Stanborough, Chief Executive Simon Courtenay John Daly, Finance Director Ed Senior Tel: 020-7358-5000 Tel: 020-7448-3244 Web: www.tclarke.co.uk e-mail: simon.courtenay@city-profile.com This information is provided by RNS The company news service from the London Stock Exchange

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Tclarke (CTO)
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