Clarke Inc. announces increased investment in Supremex Income Fund

TSX: CKI; CKI.DB; CKI.DB.A

HALIFAX, April 18 /CNW/ - Clarke Inc. ("Clarke") announces that it has acquired 290,800 units of Supremex Income Fund ("Supremex") bringing its total holdings in Supremex to 6,108,100 units representing approximately 20.84% of the total outstanding units of Supremex. The acquisition was made pursuant to an exemption from the takeover bid requirements under applicable securities laws.

The Supremex units held by Clarke and George Armoyan, the President and Chief Executive Officer of Clarke, together total 6,128,100 units, representing approximately 20.91% of the total outstanding units of Supremex.

The purchase of the Supremex units by Clarke was made through the facilities of the Toronto Stock Exchange for investment purposes. Clarke may, from time to time, acquire additional units of Supremex, dispose of some or all of the existing or additional units of Supremex, or continue to hold the units of Supremex in the normal course of Clarke's investment activities.

The issuance of this news release does not constitute an admission by Clarke that it is acting jointly or in concert with Mr. Armoyan with respect to units of Supremex.

About Clarke

Halifax-based Clarke Inc., led by an entrepreneurial team of investment professionals, is an activist and catalyst investment company that creates shareholder value by identifying businesses with the potential for improved performance, and working actively to uncover the value.

Clarke's securities trade on the Toronto Stock Exchange (CKI, CKI.DB, CKI.DB.A); for more information about Clarke Inc., please visit our website at www.clarkeinc.com.

Contacts

Melinda Lee
Vice President Investments
Clarke Inc.
(902) 442-3420
Fax: (902) 423-4001