Interim Results

CLARKE (T.) PLC
20 August 1999

                                 T. Clarke Plc
             Interim Results for the six months ended 30 June 1999

 T. CLARKE REPORT BUOYANT MARKET FOR ELECTRICAL CONTRACTORS WITH 31% INCREASE
                            IN PROFITS AT INTERIMS

T.  Clarke  Plc,  the  electrical engineering  and  contracting  company,  has
announced its interim results for the six months ended 30 June 1999.

Highlights:
*    Pre-tax profits up 31% to £1.9 million (1998: £1.4 million*)
*    Turnover up 45% to £35.7 million (1998: £24.6 million)
*    EPS up 32% to 7p (1998: 5.3p*)
*    Net cash balances up to £6 million (1998: £5.6 million)
*    Major completions include:- Luton Airport
                         - Marriott Hotel, Heathrow
                         - Harrods
*    Major projects won include:- British Airways London Eye
                         - Robert Fleming, London
                         - Schroders, London
                         - Chiroscience, Cambridge
*    Market conditions continue to be buoyant
*    Interim dividend increased 30% to 3.3p (1998: 2.5p)
                                                   * Before exceptional charge

Patrick Stanborough, Chairman, commented:

'I  am  delighted  to  announce this excellent set of results,  which  show  a
significant  rise in both the profitability and turnover of the Company.   The
market  continues to be buoyant and there are signs of continuing  improvement
in  the regions.  In particular, our core business in London and the South  is
faced with many exciting opportunities for the new millennium.

'The  task  now is to build upon the Company's success, ensure a strong  order
book for next year and visibility through to 2001 and beyond.  Our emphasis is
upon delivery of quality, value and a strong bottom line.  I look forward to a
busy second half and am confident of a good result.'
                                       
Date: 20 August 1999

For further information contact:

Patrick Stanborough, 
Chairman and Managing Director            T. Clarke Plc  020 7252 7676
Robin Wyborn, Commercial Director         T. Clarke Plc  020 7252 7676
Jonathan Shillington                      City Profile   020 7726 8588
Stephen Scott                             City Profile   020 7726 8588


CHAIRMAN'S STATEMENT

Interim Results

The  first six months trading of 1999 has produced, in line with expectations,
a  significant rise in both turnover and profitability. Turnover rose to £35.7
million  (1998 : £24.6 million) and Profit increased to £1.9 million  (1998  :
£1.4  million before exceptional charge). The outcome for the first  half  and
prospects for the full year have led the Board to declare an interim  dividend
of  3.306p. (1998 : 2.543p) an increase of 30%. The dividend will be  paid  on
13th September 1999 to shareholders on the register on 6th September 1999. The
shares will go ex-dividend on 31st August 1999.

Current Trading

The  market  continues  to  be  buoyant and  there  are  signs  of  continuing
improvement in the regions.

Our  core  business  in  London  and the South is  faced  with  many  exciting
opportunities for the new millennium.

Among  our  completions  in the first half were: Luton Airport  Redevelopment;
Marriott  Hotel, Heathrow; British Midlands Trading Centre, Heathrow; Harrods,
Knightsbridge;  Deutsche Bank, Winchester House; Cable  &  Wireless,  Watford;
Waitrose Administration Block and Warehouse, Bracknell; and Queensgate Centre,
Peterborough.

We  are  busy  on work at Citibank, Canary Wharf; Tate Gallery of Modern  Art,
Bankside;  ABN  Amro, Bishopsgate; The Great Eastern Hotel, Liverpool  Street;
Capital  One Bank, Nottingham; Cambridge University, Maths and Science  Block;
Arm  Computer,  Cambridge;  Waitrose, Surbiton; The Bridges  Shopping  Centre,
Sunderland; and Bond Street Shopping Centre, Weymouth.

Orders  secured  and due to start in the second half include: Robert  Fleming,
Barrington  House,  London;  Schroders, Christchurch  Court,  London;  British
Airways  London  Eye;  British  Museum Fire  Alarms,  Phase  3;  Chiroscience,
Cambridge;  Walker  School Rewire, Newcastle; School of  Nursing,  Southampton
University and Wessex Water Headquarters, Bath.

Our operations in Bournemouth and Bristol are showing encouraging signs and we
are confident that both will return to profitability in the near future.

Prospects

We  are  in  extremely good shape and as I have said there are  some  exciting
opportunities  ahead of us. Our investment in Training, I.T., and  Health  and
Safety  are  paying dividends and our Clients are aware of the  necessity  and
value in these expenditures.

Your  Executive Directors task is to build upon our success, ensure  a  strong
order book for next year and visibility through to 2001. Our emphasis is  upon
delivery of quality, value and a strong bottom line.

We look forward to a busy second half and are confident of a good result.

Patrick Stanborough
20th August 1999


GROUP PROFIT AND LOSS ACCOUNT
                                   Unaudited       Unaudited             
                                 6 Months to     6 Months to    12 Months to
                                     30 June         30 June     31 December 
                                        1999            1998            1998
                                       £,000           £,000           £,000
                                                                    
Turnover                              35,747          24,617          57,158
                                ------------    ------------    ------------ 
                                                                       
Operating Profit                       1,611           1,214           3,330
                                                                    
Interest                                 250             209             446
                                                                    
Goodwill arising on
 Acquisition  Written Off                  -            (394)           (394)
                                ------------    ------------    ------------  
                                                                
Profit on Ordinary Activities                                         
 Before Taxation                       1,861           1,029           3,382
                                                                      
Taxation                                (599)           (465)         (1,229)
                                ------------    ------------    ------------

Profit on Ordinary Activities                                         
 After Taxation                        1,262             564           2,153
                                                                      
Dividends                               (406)           (313)         (2,500)*
                                ------------    ------------    ------------
                                             
Surplus Transferred to Reserves          856             251            (347)
                                ============    ============    ============
                                                                      
Earnings per Share                      6.97p           4.59p          17.53p 
                                ============    ============    ============  
                          
Dividend per Share                     3.306p          2.543p         20.349p*
                                ============    ============    ============

* Includes special dividend of 12.21p


GROUP BALANCE SHEET
                                Unaudited at    Unaudited at    12 Months to
                                     30 June         30 June     31 December 
                                        1999            1998            1998
                                       £,000           £,000           £,000
Fixed Assets                                                          

Tangible Fixed Assets                  2,551           2,634           2,584


Current Assets
                                                                      
Work in Progress                       7,311           4,502           2,730
                                                                       
Debtors                                3,705           3,861           8,328
                                                                      
Cash at Bank and in Hand               6,029           5,568           9,350
                                ------------    ------------    ------------  
                                      17,045          13,931          20,408
                                ------------    ------------    ------------
                                                                      
Current Liabilities
                                                                      
Bank Overdraft                             -               -               -
                                                                      
Creditors and Accruals               (10,583)         (7,984)        (15,434)
                                ------------    ------------    ------------  
                                     (10,583)         (7,984)        (15,434)
                                ------------    ------------    ------------ 
Net Current Assets                     6,462           5,947           4,974
                                ------------    ------------    ------------  
                                   
Total Assets Less Current                                 
 Liabilities                           9,013           8,581           7,558
                                                                      
Provision for Liabilities and         
 Charges                                (599)           (425)              -
                                ------------    ------------    ------------
                                       8,414           8,156           7,558
                                ============    ============    ============  
                            
Capital and Reserves
                                                                      
Share Capital                          1,229           1,229           1,229
                                                                      
Profit and Loss Account                7,142           6,883           6,286
                                                                      
Revaluation Reserve                       43              44              43
                                ------------    ------------    ------------  
Equity Shareholders Funds              8,414           8,156           7,558
                                ============    ============    ============

CASH FLOW STATEMENT
                                   Unaudited       Unaudited        The Year 
                                  Six Months      Six Months           Ended  
                               Ended 30 June   Ended 30 June     31 December
                                        1999            1998            1998
                                       £,000           £,000           £,000
                                                                      
Net Cash Inflow (Outflow) from    
 Operating Activities                 (1,247)          1,000           5,399
                                                                      
Returns on Investments and                                            
 Servicing of Finance                    250             209             458
Interest received (Net)
                                                                      
Taxation                                   -            (447)           (979)
                                                                      
Capital Expenditure and                                               
 Financial Investment                   
Purchase of Tangible Fixed
 Assets                                 (136)           (147)           (253)
                                                                      
Acquisition and Disposals                                             
 Payment to Acquire 
 Subsidiary (Net)                          -             (31)           (156)
                                                         
Equity Dividends Paid                 (2,188)           (500)           (813)
                                ------------    ------------    ------------
                                                                      
Cash Inflow (Outflow) Before  
 Financing                            (3,321)             84           3,656

Financing                                                             
Cash Placed on Short Term  
 Deposits                             (6,500)         (5,750)         (9,000)

Cash Received from Short Term   
 Deposits                              9,000          (6,000)          6,000
                                ------------    ------------    ------------  
                                                                      
Net Cash Inflow (Outflow) from        
 Financing                             2,500             250          (3,000)
                                ------------    ------------    ------------  
 Increase (Decrease) in Cash in        
 The Period                             (821)            334             656
                                ============    ============    ============
Cash held on Short Term 
 Deposits at end of period             6,500           5,750           9,000
                                ============    ============    ============  
                                                 
Reconciliation of Operating
 Profit to Net Cash Inflow
 (Outflow) from Operating
 Activities:-
                                                                      
Operating Profit                       1,611           1,214           2,937
                                                            
Depreciation Charges                     168             154             310
                                                                      
(Increase) Decrease in Work in        
 Progress and Debtors                   (548)          2,390            (855)
                                                                      
Increase (Decrease) in 
 Creditors                            (2,478)         (2,364)          2,613
                                ------------    ------------    ------------  
Goodwill Arising on Acquisition         
 of Subsidiary                             -            (394)            394
                                ------------    ------------    ------------
                                      (1,247)          1,000           5,399
                                ============    ============    ============
Notes:

1.   The results for the half year are unaudited.

2.   The accounts have been prepared using accounting policies consistent with
     those adopted for the year ended 31 December 1998.

3.   Earnings per share are calculated on the basis of the weighted average of
     12,285,000  ordinary  shares  in  issue   (1998: 12,285,000)  and  profit
     attributable to shareholders of £1,262,000 (1998: £564,000).

4.   An  interim  dividend  of  3.306p  per share is proposed, payable on 13th
     September 1999 to shareholders on the register on 6th September 1999. The
     shares will go ex-dividend on 31st August 1999.

5.   This interim report will be circulated to members  on  27th  August  1999
     from  which  date  copies  will  be  available  to  the  public  at or on
     application to  the company's registered office: T. Clarke Plc., Stanhope
     House,  116-118   Walworth  Road,   London  SE17 1JY,   telephone  number
     020 7252 7676 (Ext. 211).