Interim Results

Clarke(T.) PLC
15 August 2003


               Interim Results for the six months to 30 June 2003


                     T. CLARKE PAYS SPECIAL DIVIDEND OF 10P
                        AS IT REPORTS ROBUST PEFORMANCE


T. Clarke plc, the electrical engineering and contracting company, has announced
its interim results for the six months to 30 June 2003.


Highlights:

            Profit Before Tax* up 36% to £6.28M (2002: £4.6M) *Before Goodwill
            Profit Before Tax up 38% to £6.0M (2002: £4.3M)
            Turnover up 16% to £78M (2002: £67M)
            EPS up 40% to 31.68p (2002: 22.58p)
            Interim Ordinary Dividend up 14% to 8p (2002: 7p)
            Special Dividend of 10p per share
            Aylward Electrical acquired in July for £3.4M



Major completions include:

            Imperial College of Science, London
            Paternoster Square, St Paul's
            Lazard & Co., Berkeley Street, W1
            Visa International, Paddington



Major projects won include:

            BBC West One
            London Stock Exchange, Paternoster Square




Russell Race, Chairman commented:


' At the start of 2003, the outlook was challenging, however, I am delighted to
report that we have delivered a very creditable performance in the first half.

' We have continued our strategy to grow the scale of the business organically
and by further acquisitions. In July we completed the acquisition of Aylward in
Cambridgeshire for £3.4 million improving our regional coverage.

' The nature of our business enables the Group to retain a strong balance sheet,
which we are confident will assist us to continue our growth. To reflect the
Group's success in the first half and our strong financial position, we are
paying a special dividend of 10p per share, in addition to the interim dividend
which has moved ahead by 14%.

' Looking forward, the outlook for the Group remains demanding, but the Board is
confident of achieving current market expectations for the year.'



                                     -ends-

Date: 15 August 2003

For further information, please contact:

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





CHAIRMAN'S STATEMENT

Interim Results

Despite the challenging trading environment, the first half of the year
witnessed a very satisfactory advance in Group turnover and profits. Turnover
was 16% higher at £78m (2002 : £67m) whilst pre-tax profits were up 38% at £6.0m
(2002 : £4.3m ). Before goodwill write-offs, the profits grew by 36% to £6.28m
(2002 : £4.6m ). Earnings per share rose in parallel by 40% to 31.7p (2002 :
22.6p).

This performance has encouraged the Board to declare an interim dividend of 8p
per share, and increase of 14% on the 2002 interim of 7p per share. With the
continuing strength of the balance sheet, a special dividend payment of 10p per
share is also being made. Both dividends will be paid on 15th September 2003 to
those shareholders on the Register on 29th August 2003. The shares will be
marked ex-dividend on 27th August 2003.

A further stage in the development of our regional coverage was achieved in July
with the acquisition of the Aylward Electrical companies for £3.4m. Based in
Cambridgeshire, Aylward has an excellent track record and will complement our
existing operations, especially in the East Midlands and East Anglia. We welcome
the Aylward members to the Group and look forward to a mutually beneficial
relationship in the years ahead.

Current Trading

Conditions in our key commercial market place remain demanding, with a
relatively slow take up of major contracts, particularly in the South-East and
continued pressure on margins. Against this, the regional operations are
contributing well and there is an increasing availability of work generally in
the PFI and urban regeneration fields.

Major completions during the first half included Imperial College of Science,
Paternoster Square St. Paul's, Lazard & Co. W1 and Visa International at
Paddington.

Current projects in hand include BBC Mailbox Birmingham, BBC White City, The
Treasury Whitehall and Bank of America Canary Wharf.

Among the projects secured in the first half, (some of which will take us into
2004 and beyond) are BBC West One and London Stock Exchange Fit-Out at
Paternoster Square.

Prospects

We do not expect any change in our trading environment in the short term but the
Board is confident of achieving current market expectations for the full year.
Longer term I have no doubt that our excellent team, combined with our financial
strength, will stand the Group in good stead.


Russell Race
Chairman

15 August 2003






GROUP PROFIT & LOSS ACCOUNT
                                                             Unaudited             Unaudited            12 Months to
                                                            6 Months to           6 Months to         31 December 2002
                                                            30 June 2003          30 June 2002
                                                               £,000                 £,000                  £,000

Turnover                                                       77,885                67,122                143,990
                                                          ____________          ____________          ____________

Operating Profit                                               5,901                 4,330                 10,681
Goodwill Amortisation                                          (250)                 (250)                  (500)
Interest                                                        375                   278                    615
                                                          ____________          ____________          ____________

Profit on Ordinary Activities
Before Taxation                                                6,026                 4,358                 10,796
Taxation                                                      (1,966)               (1,463)                (3,613)
                                                          ____________          ____________          ____________

Profit on Ordinary Activities
After Taxation                                                 4,060                 2,895                  7,183
Dividends                                                     (2,307)                (897)                 (3,205)
                                                          ____________          ____________          ____________

Surplus Transferred to Reserves                                1,753                 1,997                  3,978
                                                          ____________          ____________          ____________

Earnings per Share                                             31.68p                22.58p                 56.0p
                                                          ____________          ____________          ____________

Special Dividend per Share                                      10p                    -                      -
Ordinary Dividend per Share                                      8p                    7p                    25p
                                                          ____________          ____________          ____________





GROUP BALANCE SHEET
                                                            Unaudited at          Unaudited at          12 Months to
                                                            30 June 2003          30 June 2002        31 December 2002
                                                               £'000                 £'000                  £'000
Fixed Assets
Goodwill                                                       3,909                 4,406                  4,159
Tangible Fixed Assets                                          3,710                 3,384                  3,298
                                                          ____________          ____________          ____________

                                                               7,619                 7,790                  7,457
                                                          ____________          ____________          ____________

Deferred Taxation                                                43                    43                    25
                                                          ____________          ____________          ____________

Current Assets
Work in Progress                                               4,331                 4,246                  4,595
Debtors                                                        11,789                14,192                15,599
Cash at Bank and in Hand                                       26,956                22,170                24,930
                                                          ____________          ____________          ____________

                                                               43,076                40,608                45,124
                                                          ____________          ____________          ____________

Current Liabilities
Bank Overdraft                                                 3,624                 4,120                  2,501
Creditors and Accruals                                         28,369                29,311                33,113
                                                          ____________          ____________          ____________

                                                               31,993                33,431                35,614
                                                          ____________          ____________          ____________

Net Current Assets                                             11,083                7,177                  9,510
                                                          ____________          ____________          ____________

Total Assets Less Current Liabilities                          18,745                15,010                16,992
                                                          ____________          ____________          ____________

Capital Reserves
Share Capital                                                  1,282                 1,282                  1,282
Share Premium                                                  1,047                 1,047                  1,047
Profit and Loss Account                                        16,379                12,642                14,626
Revaluation Reserve                                              37                    39                    37
                                                          ____________          ____________          ____________

Equity Shareholders Funds                                      18,745                15,010                16,992
                                                          ____________          ____________          ____________





CASH FLOW STATEMENT
                                                    Unaudited                Unaudited               The Year Ended
                                                    Six Months              Six Months                 31 December
                                                      Ended                    Ended                      2002
                                                   30 June 2003            30 June 2002
                                                £,000       £,000     £,000           £,000        £,000        £,000

Net Cash Inflow (Outflow) from Operating 
Activities                                                  6,435                    10,167                    18,760
Returns on Investments and Servicing of
Finance
Interest received (Net)                                      375                      278                       615
Taxation                                                   (1,896)                  (1,285)                   (3,465)
Capital Expenditure and Financial Investment
Purchase of Tangile Fixed Assets                            (594)                    (683)                     (803)
Acquisitions and Disposals
Purchase of Subsidiary Undertakings               -                   (2,669)                     (2,669)
Net Cash Acquired with Subsidiaries               -           -        1,179        (1,490)        1,179      (1,490)
                                              _______                ______                      ________

Equity Dividends Paid                                      (2,307)                  (1,923)                   (2,820)
                                                         ________                 _________                 ________

Cash Inflow (Outflow) Before use of Liquid Resources        2,013                    5,064                     10,797
Management of Liquid Resources
Cash Placed on Short Term Deposits                        (26,435)                  (18,500)                  (22,802)
Cash Received from Short Term                              22,802                    15,000                    15,000
Deposits
                                                         ________                 _________                 ________

Net Cash Inflow (Outflow) from Management
of Liquid Resources                                        (2,730)                  (3,500)                   (7,802)
Increase (Decrease) in Cash in The Period                ________                 _________                 ________

Before Financing                                            (717)                    1,564                     2,995
                                                         ________                 _________                 ________

Financing
Finance Lease Payments                            -                      -                          (9)
Repayment of Loan Notes                        (1,110)     (1,110)       -             -          (1,479)     (1,488)
                                                         ________                 _________                 ________

Increase (Decrease) in Cash in                             (1,827)                   1,564                     1,507
Period
                                                         ________                 _________                 ________

Reconciliation of Operating Profit to Net Cash
Flow
(Outflow) from Operating
Activities:-
Operating Profit                                           5,651                    4,080                   10,182
Goodwill Amortisation                                       250                      250                      500
Depreciation Charges                                        181                      163                      362
(Increase) Decrease in Work in Progress and                4,074                    2,431                    2,035
Debtors
Increase (Decrease) in Creditors                          (3,271)                   3,245                    5,681
                                                        ________                 _________               ________

                                                           6,435                    10,167                  18,760
                                                        ________                 _________               ________



NOTES:

 1. The results for the half year are unaudited.

 2. The accounts have been prepared using accounting consistent with those
    adopted for the year ended 31st December 2002.

 3. Earnings per share are calculated on the basis of the weighted average of
    12,818,980 ordinary shares in issue (2002 : 12,818,980) and profit
    attributable to shareholders of £4,060,000 (2002 : £2,895,000).

 4. An interim ordinary dividend of 8.0p per share is proposed payable on 15th
    September 2003 to shareholders on the register on 29th August 2003. The
    shares will go ex-dividend on 27th August 2003.

 5. This interim report will be circulated to members on 19th August 2003 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 020-7358-5000 (Ext. 211).


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