Mr. Steve Cyr reports

CLARKE INC. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

Clarke Inc. has filed a notice with the Toronto Stock Exchange and received its approval to purchase, through the facilities of the Toronto Stock Exchange or any Canadian alternative trading system, up to 772,948 common shares, representing 5 per cent of the total 15,458,962 issued and outstanding common shares as of Aug. 17, 2026. From Feb. 1, 2026, to July 31, 2026, the average daily trading volume (ADTV) of Clarke common shares was 5,575 common shares. Under TSX rules, the company is entitled to purchase up to 25 per cent of the ADTV of the respective class of shares, which is 1,393 common shares. Any common shares purchased by Clarke pursuant to the share issuer bid will be cancelled.

In connection with the program, the company has established an automatic securities purchase plan for the share issuer bid. The plan was established to provide standard instructions regarding how Clarke shares are to be repurchased under the share issuer bid. Accordingly, Clarke may repurchase its shares under the plan on any trading day during the share issuer bid including during self-imposed trading blackout periods. The plan will commence immediately and terminate with the share issuer bid. The company may otherwise vary, suspend or terminate the plan only if it does not have material non-public information and the decision to vary, suspend or terminate the plan is not taken during a self-imposed trading blackout period. The plan constitutes an automatic plan for purposes of applicable Canadian securities legislation and has been precleared by the Toronto Stock Exchange.

Purchases under the plan may commence on Aug. 24, 2026, and will terminate on Aug. 23, 2027.

The directors and senior management of Clarke are of the opinion that from time to time the purchase of Clarke common shares at the prevailing market price would be a worthwhile use of available funds and in the best interests of the company and its shareholders. Clarke acquired 682,542 common shares by means of open market transactions through the facilities of the TSX and on Canadian alternative trading systems pursuant to the normal course issuer bid that expired on Aug. 11, 2026, at a weighted average price of $21.74 per share. The maximum number of common shares that Clarke sought and obtained approval to purchase under that bid was 682,542.

About Clarke Inc.

Clarke is a leading real estate company engaged in the development, ownership and management of a diversified portfolio of commercial, hospitality, residential and mixed-use properties. Clarke's common shares trade on the Toronto Stock Exchange.

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