Mr. Tom Casey reports

CLARKE INC. 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 Toronto Stock Exchange or any Canadian alternative trading system, up to 682,542 common shares, representing 5 per cent of the total 13,650,857 issued and outstanding common shares as of Aug. 7, 2025. From Feb. 1, 2025, to July 31, 2025, the average daily trading volume (ADTV) of Clarke common shares was 778 common shares. Under TSX rules, the company is entitled to purchase up to 25 per cent of the ADTV of the respective class of shares, which is 194 common shares. Accordingly, under TSX rules and policies, the company is entitled on any trading day to purchase up to 1,000 common shares. Any common shares purchased by Clarke pursuant to the share issuer bid will be cancelled.

In connection with the program, the company has established an automatic securities purchase plan for the share issuer bid. The plan was established to provide standard instructions regarding how Clarke shares are to be repurchased under the share issuer bid. Accordingly, Clarke may repurchase its shares under the plan on any trading day during the share issuer bid, including during self-imposed trading blackout periods. The plan will commence immediately and terminate with the share 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.

Purchases under the plan may commence on Aug. 12, 2025, and will terminate on Aug. 11, 2026.

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 300,500 common shares by means of open market transactions through the facilities of the TSX and on Canadian alternative trading systems pursuant to the normal course issuer bid that expired on July 3, 2025, at a weighted average price of $22.45 per share. The maximum number of common shares that Clarke sought and obtained approval to purchase under that bid was 697,592.

About Clarke Inc.

Clarke is real estate company with holdings across real estate sectors -- primarily residential, furnished suites and hospitality. Clarke's common shares (CKI) trade on the Toronto Stock Exchange.

We seek Safe Harbor.