Univan Ship Management

Clarkson PLC 21 August 2001 Univan Ship Management Clarkson PLC ('Clarksons'), the leading international shipping services and broking group, today announces that a mutual agreement has been reached with Univan Ship Management Limited ('Univan') to terminate their business relationship. Rob Ward, Finance Director of Clarkson PLC, said 'It became increasingly obvious over recent years that Clarkson PLC and Univan Ship Management Limited do not share the same vision. However, Clarksons values the experience gained during its association with Univan and intends to continue to develop its ship management business interests in the future'. -Ends- For further information contact: Rebecca Sly/Barnaby Fry Citigate Dewe Rogerson Tel: 020 7282 2939