Ms. Kim Langille reports

CLARKE ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Clarke Inc. has filed a notice with the Toronto Stock Exchange and received its approval to purchase, through the facilities of the TSX, up to 781,308 common shares, representing 5 per cent of the issued and outstanding common shares as of May 24, 2016. As at May 24, 2016, there are 15,626,175 issued and outstanding common shares. From Nov. 1, 2015 to April 30, 2016, the average daily trading volume of Clarke common shares was 6,822 common shares. Under TSX rules, the company is entitled to purchase up to 25 per cent of the average daily trading volume of the respective class of shares, which is 1,705 common shares, on any trading day. Any common shares purchased by Clarke pursuant to the share issuer bid will be cancelled.

Purchases under the plan may commence on June 2, 2016, and will terminate on June 1, 2017.

In connection with the program, the company has established an automatic securities purchase plan for the issuer bid. The plan was established to provide standard instructions regarding how Clarke shares are to be repurchased under the issuer bid. Accordingly, Clarke may repurchase its shares under the plan on any trading day during the issuer bid, including during self-imposed trading blackout periods. The plan will commence immediately and terminate with the issuer bid. The company may otherwise vary, suspend or terminate the plan only if it does not have material non-public information and the decision to vary, suspend or terminate the plan is not taken during a self-imposed trading blackout period. The plan constitutes an automatic plan for purposes of applicable Canadian securities legislation and has been precleared by the TSX.

The directors and senior management of Clarke are of the opinion that, from time to time, the purchase of Clarke common shares at the prevailing market price would be a worthwhile use of available funds and in the best interests of the company and its shareholders. Clarke acquired 822,430 common shares by means of open-market transactions pursuant to the normal course issuer bid that expired May 26, 2016, at a weighted average price of $12 per share.

We seek Safe Harbor.