Final Results

Clarke(T.) PLC
11 March 2005

                                 T. Clarke Plc

            Preliminary Results for the year ended 31 December 2004

                   ACQUISITIONS STRENGTHEN GROUP AS T. CLARKE
                           PERFORMANCE REMAINS STRONG

T. Clarke plc, the electrical engineering and contracting company, has announced
its preliminary results for the year to 31 December 2004.

   • Turnover £157m (2003: £143m)
   • Profit before Amortisation of Goodwill £7.95m (2003: £9.54m)
   • Earnings per share before Amortisation of Goodwill 41.04p (2003: 51.52p)
   • Profit Before Tax £6.88m (2003: £8.94m)
   • Earnings per share 32.8p (2003: 46.8p)
   • Final Dividend up to 20p (2003: 19p)
   • Total Dividend for the year 30p (2003: 27p)
   • Two acquisitions made during the year for a combined value of £6.9m
   • Acquisition announced, post year end, of Smith Contracting Services Ltd,
     based in Scotland for £4.2m

Major completions include:  - New London Stock Exchange
                            - Treasury East, Whitehall
                            - Bank of America, Canary Wharf
                            - BBC Mailbox, Birmingham
                            - Albion Towers, Leeds
Major projects won include: - Unilever House, Blackfriars
                            - Royal Armouries New Archive Store, Leeds
                            - Sainsbury Centre for Visual Arts
                            - Vodafone, Apollo House, Newbury

Pat Stanborough, Chief Executive commented:

' T. Clarke has made very encouraging progress during 2004. Despite the
challenges we have faced, the prospects for the Group are excellent. We
predicted that the second half of the year would remain tough, and so it proved,
yet we finished the year strongly. Our pipeline of work is excellent and many
new projects are long-term assignments which are spread over a number of years.

' We have continued to grow the scale of the group via acquisitions. We bought
two businesses during the year. I am pleased that both have bedded down and are
trading well as part of the wider Group. Since the year end we have also
completed the acquisition of Smith Contracting Services in Scotland. This
represents our first acquisition north of the border and demonstrates our
commitment to widen the footprint of our regional operations.

' Looking forward, we are very confident that we are well positioned to gain
from the increase in demand in our core markets in London and the South East. We
have started 2005 brightly. The order book continues to grow and our regional
businesses are reporting brisk trading. The Board remains confident that we will
deliver a further improvement in Group performance during 2005.'

                                     -ends-
Date: 11 March 2005
For further information contact:

T. Clarke plc                                      City Profile Group
Pat Stanborough, Chief Executive                   Simon Courtenay
John Daly, Finance Director                        James Cooper
Tel: [phone]                                 Tel: [phone]
web: www.tclarke.co.uk


Chairman's Statement

Results for 2004

2004 proved to be a challenging yet rewarding year. Despite the demanding
trading conditions, which have been highlighted in our statements during the
last two years, we are pleased to report that Group turnover increased to £157m
(£145m excluding acquisitions made during the year). Continued pressure on
trading margins, and increased amortisation charges on goodwill resulted in a
reduction in profit before tax to £6.88m (2003:£8.94m).

Earnings per share fell commensurately from 46.8p to 32.8p. However, given the
Board's confidence in an improving medium term outlook, a final dividend of 20p
per share is proposed (2003:19p). Together with the interim payment, this brings
the total for the year to 30p per share (2003:27p). This represents the 9th
successive year that the company has increased the ordinary dividend paid to
shareholders. The final dividend will be paid on 9 May 2005 to those
shareholders on the Register on 15 April 2005. The shares will be marked
ex-dividend on 13 April 2005.

Investment in new acquisitions, property purchases and working capital
requirements resulted in a reduction in our net cash balances at the year end to
£8m (December 2003:£14m).

Operational Review

At the interim stage we anticipated fulfilling the market's expectations for the
full year, and that proved to be the case. The upturn in order levels
progressively through the second half was particularly evident in London and the
Home Counties, but much of this will not be reflected in sales and profits until
the latter part of the current year. The pressure on our operating margins
continued to be felt during the latter months of 2004.

In the London area major completions during the year included Treasury East,
Whitehall; Bank of America, Canary Wharf; Wellcome Foundation Headquarters,
Euston; New London Stock Exchange; and Barclays, Canary Wharf.

In the regions completions included BBC Mailbox, Birmingham; Albion Towers,
Leeds; Trowbridge Police Station; Newcastle College, MPAM Building; Tilda Food
Processing Factory, Kent; McCarthy & Stone, Urmston, Lancs; Keele University
Business Park; and Clayton Phoenix Special School, Peterborough.

Current major projects include Romford and Havering Hospital; BBC West One;
Cardinal Place, Victoria; Bishops Square, Bishopsgate; National Science and
Learning Centre, York University; Drakes Circus Shopping Development, Plymouth;
Trinity Academy, Doncaster; Howlands Farm, Durham University; Brunel University,
Student Accommodation; and Dalmarnock Waste Water Treatment Works, Glasgow.

Recently won contracts include Unilever House, Blackfriars; Hilton Hotel, More
London; Royal Armouries New Archive Store, Leeds; Cross Keys Homes,
Peterborough; Sainsbury Centre for Visual Arts; Vodafone, Apollo House, Newbury;
Dickinson Dees, Newcastle; Canterbury High School; Bromyard Avenue, Berkeley
Homes; and Cala Homes, Jordan Hill South, Glasgow.

Our regional operations continue to see increases in the volume of smaller
contracts ranging from Affordable Homes, Educational Buildings, H.M. Prisons;
Retail Outlets; Health Facilities and MOD Installations.

Acquisitions

Part of the Group's strategy is to improve the geographical coverage of the UK
and to bolt-on strong local businesses into the T. Clarke group. In March we
welcomed into the Group Mitchell & Hewitt Ltd, based in Derby, which we acquired
for a consideration of £4.9m. Further development of our regional network came
with the purchase in September of Anglia Electrical Services Ltd, which operates
from Kings Lynn, for £2m. Since the year end, in January, Smith Contracting
Services Ltd, based in Falkirk and Aberdeen, was purchased for a consideration
of £4.2m. We are delighted to welcome the directors and staff of all these
companies to the T. Clarke Group.

These newly acquired companies improve both our regional coverage and business
mix and I am sure they will make a very positive contribution to our earnings
flow in the current year and beyond. We will continue to consider making further
acquisitions where this would strengthen our regional presence.

Staff Development

I would refer you to our newly published report on Non-Financial Performance,
which can be found on our website. The report embraces all matters relating to
staff development, Health & Safety, Community Relations and Environmental
Issues.

Corporate Governance

I would refer you to our Statement of Corporate Governance, which will be
published in the Annual Report & Accounts.

We were delighted to welcome Mrs. Beverley Stewart to the Board as a
non-executive director at the beginning of January this year. Mrs. Stewart
brings considerable experience to our deliberations, having co-owned her own
Building Services, Cost Planning and Asset Management consultancy practice for
13 years. In addition to her overall responsibilities, she will sit on the Audit
and Remuneration committees of the Board.

On a sad note we are sorry to inform members that since the last report John
Nixon, who had served the group for over forty years and as a main board
director for twenty-six years, having retired in 2003 on the grounds of ill
health, passed away after a lengthy illness. He will be greatly missed.

Prospects

We have seen a marked upturn in activity levels in the London area in the last
few months, particularly in our core business activities. Our confidence is
therefore growing, both as regards the quality of business opportunities
available to us and the level of margins achievable. Given the nature of the
business cycle in which we operate, it is expected that the upturn will span
through 2005 and for the following two years. Although we therefore anticipate
that the full benefit of any margin improvement will not be felt until 2006, we
nonetheless are confident of an improved performance during the current year.

I close once again with thanks to our loyal staff, and for the continued support
of our clients and suppliers.

R. J. Race
Chairman
10th March 2005


Group profit and loss account
For the year ended 31st December 2004

                                            Continuing      2004 Total      2003 Total
                          Acquisitions      Operations               £               £

Turnover                    11,677,999     144,948,909     156,626,908     143,265,296

Cost of sales                9,237,243     125,232,513     134,469,756     122,689,335
                         -------------   -------------   -------------   -------------
                                     -               -               -               -

Gross Profit                 2,440,756      19,716,396      22,157,152      20,575,961

Administrative
 expenses                    2,281,139      13,258,137      15,539,276      12,291,005
                         -------------   -------------   -------------   -------------

Operating
 profit                        159,617       6,458,259       6,617,876       8,284,956
                         =============   =============

Interest receivable    
 (net)                                                         264,803         655,569
                                                         -------------   -------------

Profit on ordinary
 activities before
  taxation                                                   6,882,679       8,940,525

Taxation on profit
 on ordinary activities                                      2,597,429       2,941,000
                                                         -------------   -------------

Profit on ordinary
 activities after
  taxation                                                   4,285,250       5,999,525

Dividends                                                    3,984,390       4,743,007
                                                         -------------   -------------

Profit for the
 financial year                                                300,860       1,256,518
                                                         =============   =============
Earnings per share                                         32.84 pence     46.80 pence
                                                         =============   =============

In 2003 and 2004 the group had no recognised gains or losses other than the result for
the financial year.


Group balance sheet
At 31st December 2004

                                                       2004               2003
                                                          £                  £
Fixed assets

Goodwill                                          9,468,394          5,653,644

Tangible assets                                   6,903,146          4,685,182
                                              -------------      -------------

                                                 16,371,540         10,338,826
                                              -------------      -------------

Deferred taxation                                    21,251             39,984
                                              -------------      -------------

Current assets

Work in progress                                  4,981,170          4,617,142

Debtors                                          25,289,448         14,737,627

Cash at bank and in hand                         11,210,672         17,064,594
                                              -------------      -------------

                                                 41,481,290         36,419,363

Creditors, amounts falling due within
 one year                                       (37,161,427)       (28,452,194)
                                              -------------      -------------

Net current assets                                4,319,863          7,967,169
                                              -------------      -------------

Total assets less current liabilities            20,712,654         18,345,979

Creditors, amounts falling due after
 more than one year                                (263,623)           (97,808)
                                              -------------      -------------

                                                 20,449,031         18,248,171
                                              -------------      -------------
Capital and reserves

Called up equity share capital                    1,314,710          1,281,898

Share premium                                     2,913,790          1,046,602

Revaluation reserve                                  34,639             35,971

Profit and loss account                          16,185,892         15,883,700
                                              -------------      -------------

Equity Shareholders' funds                       20,449,031         18,248,171
                                              =============      =============

These financial statements were approved by the board on 10 March 2005

    P.E. STANBOROUGH
                      Directors
    R.J. RACE


Group cash flow statement
For the year ended 31st December 2004

                                                          2004            2003
                                                             £               £

Net cash inflow from operating
 activities                                          7,019,961       4,740,695

Returns on investments and servicing of
 finance

Interest received                                      305,229         714,152
Interest paid                                          (40,426)        (58,583)
                                                  ------------    ------------
                                                  
Net cash inflow from returns on
 investments and servicing of finance                  264,803         655,569

Taxation

UK corporation tax paid                             (2,749,275)     (3,386,317)

Capital expenditure and financial investment

Purchase of tangible fixed assets                   (2,091,042)     (1,508,006)
Sale of tangible fixed assets                          137,425          41,569
                                                  ------------    ------------
                                                  
Net cash outflow from capital
 expenditure and financial investment               (1,953,590)     (1,466,437)

Acquisitions and disposals

Purchase of subsidiaries                            (4,992,988)     (3,287,931)
Net cash acquired with subsidiaries                    711,197         234,688
                                                  ------------    ------------
                                              
Net cash outflow from acquisitions                  (4,281,791)     (3,053,243)

Equity dividends paid                               (3,790,561)     (4,614,832)
                                                  ------------    ------------
                                                  
Cash outflow before use of liquid
 resources                                          (5,490,453)     (7,124,569)

Management of liquid resources

Cash placed on short term deposits                  (8,250,000)    (13,500,000)
Cash received from short term deposits              13,500,000      22,802,492
                                                  ------------    ------------
                                                  
Net cash inflow from management of
 liquid resources                                    5,250,000       9,302,492
                                                  ------------    ------------
                                                
Increase/(decrease) in cash in the year
 before financing                                     (240,453)      2,177,923

Financing
Finance lease payments                                  51,191         (15,808)
Repayment of loan notes                                      -      (1,109,897)
                                                  ------------    ------------
                                                        51,191      (1,125,705)
                                                  ------------    ------------
Increase / (decrease) in cash in the year             (189,262)      1,052,218
                                                  ============    ============

Notes :-

1. The earnings per share represents the profit for the year on ordinary
activities after taxation divided by the number of ordinary shares in issue. The
numbers of ordinary shares, being a weighted average, for the purpose of this
calculation, is 13,045,852 (2003: 12,818,980).

2. The figures for the year ended 31 December 2004 have been extracted from the
full audited accounts for the year, which have not yet been delivered to the
Registrar of Companies. The figures have been prepared and compiled in
accordance with applicable accounting standards under the historical cost
convention. The comparative figures for the year ended 31 December 2003 have
been taken from, but do not constitute, the group's statutory accounts for the
year. Those statutory accounts have been reported on by the group's auditors and
will be delivered to the Registrar of Companies. The report of the auditors was
unqualified and did not contain a statement under section 237 (2) or (3) of the
Companies Act 1985.

3. Copies of the annual report and accounts will be posted to shareholders
shortly. Further copies can be obtained from the Company's registered office;
Stanhope House, 116-118 Walworth Road, London, SE17 1JY.

4. The Company's Annual General Meeting will be held at Savoy Place, London, WC2
on Friday 6 May 2005 at 12:00 noon.

5.  Subject to the approval of shareholders the final dividend of 20 pence per
share will be paid on 9 May 2005. The shares will go ex-dividend on 13 April
2005. The records will close on 15 April 2005.


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