Mr. Tom Casey reports

CLARKE INC. ANNOUNCES SUCCESSFUL COMPLETION OF NORMAL COURSE ISSUER BID

Clarke Inc. has successfully completed its normal course issuer bid (NCIB), initially announced on Aug. 7, 2025.

Under the NCIB, the company has purchased and cancelled a total of 682,542 common shares at an average price of $21.75 per Clarke share. These shares represented 5 per cent of the company's issued and outstanding Clarke shares as of the commencement of the NCIB. The company believes that the NCIB was a prudent use of its financial resources and reflects its confidence in the long-term value of the business and provides shareholders with enhanced optionality and liquidity for their Clarke shares.

Upon the expiry of the NCIB on Aug. 11, 2026, the company intends to renew its NCIB program with the Toronto Stock Exchange for another 12-month period.

The directors and senior management of Clarke are of the opinion that from time to time the purchase of Clarke shares at the prevailing market price are a worthwhile use of available funds and in the best interests of the company and its shareholders. The company has undertaken various substantial issuer bids and NCIBs over time, as it believes these programs provide shareholders with an effective means to access liquidity and maintain optionality. Dating back to 2015, Clarke has purchased for cancellation an aggregate of more than 10.7 million Clarke shares by means of open market transactions through the facilities of the TSX and on Canadian alternative trading systems pursuant to prior substantial issuer bids and NCIBs. As of today's date, there are 12,968,315 issued and outstanding Clarke shares.

About Clarke Inc.

Clarke is real estate company with holdings across real estate sectors -- primarily residential, furnished suites and hospitality. The Clarke shares trade on the Toronto Stock Exchange.

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