Clarke Announces Redemption of Debentures Due December 31, 2012

HALIFAX, March 30, 2012 /PRNewswire/ - Clarke Inc. (the "Company") (TSX: CKI CKI.DB CKI.DB.A) announced today that it has exercised its right to redeem its 6% convertible unsecured subordinated debentures maturing December 31, 2012 (the "Debentures") in accordance with the terms of the indenture governing the Debentures. On May 3, 2012 (the "Redemption Date"), the Company will redeem Debentures in an aggregate principal amount of $18,275,500, representing the current outstanding balance of the Debentures. On redemption, the Company will pay to the holders of redeemed Debentures the redemption price (the "Redemption Price") equal to the outstanding principal amount of the Debentures to be redeemed, together with all accrued and unpaid interest thereon up to but excluding the Redemption Date, for a total of $1,020.38 per $1,000 principal amount of Debentures. The Debentures may be converted at any time prior to 5:00pm (Toronto time) on May 2, 2012 at a conversion price of approximately $5.94 per common share. The Company's share price as at the close of business on March 30, 2012 was $4.05.

The Company intends to use available funds to pay the Redemption Price of the Redeemed Debentures.

About Clarke

Halifax-based Clarke Inc. invests in undervalued businesses and participates actively where necessary to enhance performance and increase return.  Clarke securities trade on the Toronto Stock Exchange (CKI, CKI.DB and CKI.DB.A); for more information about Clarke Inc., please visit our website at www.clarkeinc.com.

SOURCE CLARKE INC.

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