Acquisition of H & C Moore Limited

Clarke(T.) PLC
19 July 2000



T Clarke plc - Acquisition of H & C Moore Limited

The Board of T Clarke plc is pleased to announce that on 18
July 2000 it acquired the entire issued share capital of H &
C Moore Limited ('H&CM').

The total consideration for the acquisition was £2,600,000
and comprised a combination of £1,500,000 of guaranteed loan
notes and ordinary shares with a value of £1,100,000
comprising 533,980 new ordinary shares of 10p each in T
Clarke. The guaranteed loan notes carry interest at 6% per
annum, payable quarterly, and are redeemable between one and
two years following completion. The guaranteed loan note
element of the consideration may be increased to a maximum
of £1,570,000, dependent upon the audited net assets of H&CM
at completion.

At 31 March 2000, the date to which its last audited
accounts were made up, H&CM had net assets of £711,435 and
profits before tax were £335,694.

H&CM are based in Leeds and are engaged in electrical and
mechanical contracting.

H&CM will enable T. Clarke to broaden its regional coverage
of the UK, enlarge its mechanical contracting capacity and
provides an excellent fit for further strategic development
of the business.

Enquiries:

T. Clarke     Pat Stanborough,Managing Director 020 7358 5000