Interim Results

Clarke(T.) PLC
20 August 2004


               Interim Results for the six months to 30 June 2004

                     T. CLARKE POSITIVE ON FUTURE PROSPECTS
                        AS INTERIM DIVIDEND BOOSTED 25%

T. Clarke plc, the electrical engineering and contracting company, has announced
its interim results for the six months to 30 June 2004.

Highlights:
                                                          2004     2003
• Total operating Profit before Goodwill                 £3.53m   £6.28m
• Profit before Tax                                      £3.04m   £6.03m
• Turnover                                               £71.2m   £77.9m
• Earnings per Share before Goodwill                     18.25p   33.62p
• Interim dividend up 25%                                   10p       8p
• Mitchell & Hewitt Limited acquired in March for £5.4m

Major completions include:  - London Stock Exchange, Paternoster Square
                            - Bank of America, Canary Wharf
                            - Peter Jones, Sloane Square

Major projects won include: - Romford and Havering Hospital
                            - Drakes Circus Shopping Development, Plymouth
                            - Trinity Academy, Doncaster
                            - BP European Mega Data Centre

Pat Stanborough, Chief Executive commented:

' As we have flagged for some time, this half has proved to be challenging.
However, I am delighted that despite the current market difficulties the Group
has demonstrated that it can still deliver an encouraging performance.

' Looking forward, the prospects for the Group are very good. Our recent
acquisitions have bedded down well and, as the commercial property development
market improves, the Board is confident that our core business will deliver an
improved performance. Our pipeline of work is excellent and we look forward to
2005 and 2006 when we predict that our markets will return to more favourable
conditions. This bodes well and we are looking to the future with enthusiasm.'

                                     -ends-

Date: 20 August 2004
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
                                              Richard Dunn
                                              Tel: [phone]

CHAIRMAN'S STATEMENT

Interim Results

This has proved to be a challenging period for the Group. As anticipated, both
turnover and profits fell during the first half of the year, due primarily to
reduced activity and tightened margins in our core markets of London and the
South East. Group turnover fell to £ 71.2m, as against £ 77.9m in the comparable
period of 2003, whilst pre-tax profits were halved at £ 3.0m. However, in line
with our expectations, our regional operations generally fared well during the
period and the second quarter benefited from the first contribution by our new
subsidiary, Mitchell & Hewitt Limited.

In view of our confidence in the longer term outlook for the Group, the Board is
declaring an interim dividend of 10p per share, an increase of 25% on the 8p
paid at the interim stage last year. This continues our policy of balancing the
interim dividend at one third of the total dividend for the year. The dividend
will be paid on 20th September 2004 to those shareholders on the Register on
27th August 2004. The shares will be marked ex-dividend on 25th August 2004.

Current Trading

The pace of the commercial property development market is gathering momentum and
the prospect of greater activity is encouraging. There are strong indications of
an improving trading environment in the Home Counties, which should benefit us
in the latter part of the year, whilst our operations in the regions continue to
enjoy a high level of enquiries. We anticipate a positive trading cash flow in
the second half.

During the first half we completed major contracts at the London Stock Exchange
in Paternoster Square, the Bank of America at Canary Wharf, Peter Jones in
Sloane Square and BBC Mailbox in Birmingham. We have secured a range of major
new contracts , in a number of different sectors in the period including Romford
and Havering Hospital, Drakes Circus Shopping Development in Plymouth, Trinity
Academy in Doncaster and the BP European Mega Data Centre.

Prospects

In the longer term the outlook for the Group remains very positive and we can
look forward to improving activity levels in the crucial London market during
2005 and 2006. At the same time we will continue to monitor opportunities to
expand our regional network with organic growth and infill acquisitions, with a
particular concentration on the South-West.

Russell Race
Chairman
20th August 2004


GROUP PROFIT & LOSS ACCOUNT

                              Unaudited       Unaudited
                            6 Months to     6 Months to        12 Months to
                           30 June 2004    30 June 2003    31 December 2003
                                  £,000           £,000               £,000

Turnover                         71,235          77,885             143,265
                               --------        --------          ----------


Operating Profit                  3,380           5,901               8,890


Goodwill Amortisation             (490)           (250)               (605)


Interest                            151             375                 656
                               --------        --------          ----------


Profit on Ordinary Activities
 Before Taxation                  3,041           6,026               8,941


Taxation                        (1,164)         (1,966)             (2,941)
                               --------        --------          ----------


Profit on Ordinary Activities
 After Taxation                   1,877           4,060               6,000


Dividends                       (1,307)         (2,307)             (4,743)
                               --------        --------          ----------

SurplusTransferred to
 Reserves                           570           1,753               1,257
                               --------        --------          ----------


Earnings per Share               14.47p          31.68p               46.8p
                               --------        --------          ----------

Special Dividend per
 Share                                -             10p                 10p
Ordinary Dividend per
 Share                              10p              8p                 27p
                               --------        --------          ----------



GROUP BALANCE SHEET

                            Unaudited at     Unaudited at         12 Months to
                            30 June 2004     30 June 2003     31 December 2003
                                   £,000            £,000                £,000

Fixed Assets

Goodwill                           9,213            3,909                5,654

Tangible Fixed Assets              6,450            3,710                4,685
                               ---------         --------           ----------
                                  15,663            7,619               10,339
                               ---------         --------           ----------
Deferred Taxation                     43               43                   40
                               ---------         --------           ----------

Current Assets

Work in Progress                  12,703            4,331                4,617

Debtors                           17,248           11,789               14,738

Cash at Bank and in Hand           5,368           26,956               17,065
                               ---------         --------           ----------
                                  35,319           43,076               36,419
                               ---------         --------           ----------

Current Liabilities

Bank Overdraft                     1,700            3,624                3,018

Creditors and Accruals            29,055           28,369               25,532
                               ---------         --------           ----------
                                  30,755           31,993               28,550
                               ---------         --------           ----------
Net Current Assets                 4,564           11,083                7,869
                               ---------         --------           ----------
Total Assets Less Current
 Liabilities                      20,270           18,745               18,248
                               ---------         --------           ----------

Capital Reserves

Share Capital                      1,307            1,282                1,282
Share Premium                      2,473            1,047                1,047
Profit and Loss Account           16,453           16,379               15,883
Revaluation Reserve                   37               37                   36
                               ---------         --------           ----------
Equity Shareholders Funds         20,270           18,745               18,248
                               ---------         --------           ----------


CASH FLOW STATEMENT
 
                                   Unaudited                Unaudited
                               Six Months to            Six Months to            The Year Ended
                                30 June 2004             30 June 2003          31 December 2003
                              £,000      £,000         £,000      £,000        £,000      £,000
Net Cash Inflow (Outflow)
 from Operating Activities             (1,955)                    6,435                   4,741

Returns on Investments and
 Servicing of Finance

Interest received (Net)                    151                      375                     656

Taxation                               (1,041)                  (1,896)                 (3,386)

Capital Expenditure and
 Financial Investment

Purchase of Tangible
 Fixed Assets                          (1,489)                    (594)                 (1,466)

Acquisitions and Disposals

Purchase of Subsidiary
 Undertakings               (3,867)                        -                 (3,288)
Net Cash Acquired with
 Subsidiaries                   413    (3,454)             -          -          235    (3,053)
                             ------                   ------                  ------

Equity Dividends Paid                  (2,483)                  (2,307)                 (4,615)
                                       -------                   ------                --------
Cash Inflow (Outflow) Before
 use of Liquid Resources              (10,271)                    2,013                  10,797

Management of Liquid
 Resources

Cash Placed on Short Term
 Deposits                              (4,306)                 (26,435)                (13,500)

Cash Received from Short
 Term Deposits                          13,500                   22,802                  22,802
                                       -------                   ------                --------
Net Cash Inflow (Outflow)
 from Management of
  Liquid Resources                       9,194                  (2,730)                   9,302
                                       -------                  -------                 -------     
Increase (Decrease) in
 Cash in The Period
  Before Financing                     (1,077)                    (717)                   2,178
                                       -------                   ------                --------

Financing

Finance Lease Payments        (107)                        -                    (16)
Repayment of Loan Notes           -      (107)       (1,110)    (1,110)      (1,110)    (1,126)
                                       -------                   ------                --------
Increase (Decrease) in
 Cash in Period                        (1,184)                  (1,827)                   1,052
                                       =======                   ======                ========

Reconciliation of Operating Profit
 to Net Cash Flow (Outflow) from
  Operating Activities:-

Operating Profit                         2,890                    5,651                   8,284

Goodwill Amortisation                      490                      250                     605

Depreciation Charges                       336                      181                     490

(Increase)Decrease in
 Work in Progress and
  Debtors                             (11,628)                    4,074                   2,809

Increase (Decrease) in
 Creditors                               5,957                  (3,721)                 (7,448)
                                       -------                   ------                --------
                                       (1,955)                    6,435                   4,741
                                       -------                   ------                --------
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 2003.

3.      Earnings per share are calculated on the basis of the weighted average
        of 12,974,038 ordinary shares in issue (2003 : 12,818,980) and profit
        attributable to shareholders of £1,877,000 (2003 : £4,060,000).

4.      An interim ordinary dividend of 10.0p (2003:8.0p) per share is proposed
        payable on 20th September 2004 to shareholders on the register on 27th
        August 2004. The shares will go ex-dividend on 25th August 2004.

5.      This interim report will be circulated to members on 23rd August 2004
        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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