HALIFAX, Nov. 27, 2012 /CNW/ – On November 26, 2012, Scotia Learning
Centres Incorporated (“SLC”) acquired 709,123 shares of Clarke Inc.
(“Clarke”) at a cost of $4.50 per share, representing approximately
4.2% of the outstanding shares of Clarke, bringing SLC’s total holdings
in Clarke to 1,913,133 shares representing approximately 11.4% of the
outstanding shares of Clarke.

The Clarke shares held by Sim Armoyan, the indirect owner of SLC, and
members of her immediate family with whom she resides, own, directly or
indirectly, 8,068,607 shares of Clarke, representing approximately
48.3% of the outstanding shares of Clarke.

SLC purchased the shares through the facilities of the Toronto Stock
Exchange for investment purposes. SLC may, from time to time, acquire
additional shares or other securities of Clarke, dispose of some or all
of the existing or additional shares or other securities of Clarke, or
continue to hold shares or other securities of Clarke in the normal
course of SLC’s investment activities.

In purchasing the shares referred to above, SLC relied on the normal
course purchase exemption from the formal take-over bid rules set out
in Section 100 of the Securities Act (Ontario). SLC was entitled to rely on this exemption because each of
the conditions set out in Section 100 of the Securities Act (Ontario) was satisfied.

The issuance of this news release does not constitute an admission by
SLC that it is acting jointly or in concert with any other parties
referred to in this press release with respect to shares of Clarke.

SOURCE Scotia Learning Centres