Trading Update

Clarke(T.) PLC 16 November 2000 T.Clarke plc Trading Update As reported in T.Clarke's interim results statement for the six months ended 30th June 2000, which was released to the market on 18th August 2000, the Company made a strong start to the year. Whilst the Directors are confident of a satisfactory year end profit, since that statement the Company has encountered some difficulties on a large hospital project and there is currently some uncertainty with regard to the financial outcome of a City of London project. These factors lead the Directors to expect that, whilst profits for the year ending 31st December 2000 will be in line with those achieved last year, the outcome will probably fall somewhat short of market expectations. The Company is focusing increasingly on end user, negotiated projects, with an emphasis on selective tendering for higher margin and lower risk work, with the intention of eradicating or at least minimising the difficulties and uncertainties that have arisen on the projects referred to above. Excellent market conditions are continuing in both the London and regional operations. The Company is continuing to build its share in these market areas, with orders running at record levels and a strong management team and substantial workforce in place. Regional operations are making an increasingly important contribution to the Company and the benefits of the H&C Moore acquisition are coming through strongly. Accordingly, the Company is in a strong position to continue its growth record from 2001 onwards. In view of these excellent conditions, the Directors anticipate increasing the current year's final dividend in line with market expectations. Date: 16th November 2000 For further information contact: Patrick Stanborough, Managing Director T. Clarke plc 020 7358 5000 Jonathan Shillington City Profile 020 7726 8588

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Tclarke (CTO)
UK 100

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