CLEARLINK Capital Corporation
TSX : CNK

CLEARLINK Capital Corporation

September 21, 2005 15:02 ET

CLEARLINK Renews Issuer Bid and Adopts Shareholder Rights Plan

MISSISSAUGA, ONTARIO--(CCNMatthews - Sept. 21, 2005) - (TSX:CNK) At the Annual Meeting of CLEARLINK Capital Corporation today, shareholders confirmed the Shareholder Rights Plan as adopted by the Board of Directors on July 27, 2005. The plan is substantially the same as the previous plan which expired by its terms on July 26, 2005 and is designed to give adequate time for shareholders to properly assess the merits of any takeover bid without undue pressure. The plan will also give the Board of Directors time to consider alternatives to allow shareholders to receive full and fair value for the common shares.

Today, the Board of Directors of CLEARLINK also approved the renewal of the Corporation's Normal Course Issuer Bid. This will enable the Corporation to continue with its policy of repurchasing shares from time to time when the common shares are trading at a price which, in the Corporation's opinion, reflects a discount from the underlying value of the shares. Shareholder value will be enhanced as shareholders who continue to hold common shares will increase their equity interest.

Subject to regulatory approval, the renewal of the bid will commence on October 7, 2005 for a 12 month period. The maximum number of shares which can be purchased under the issuer bid through the facilities of the Toronto Stock Exchange will be equivalent to 5% of the common shares outstanding on the day the bid commences or approximately 442,000. As of August 31, 2005, 132,900 common shares had been purchased during the previous year's issuer bid at an average purchase price of $9.95.

CLEARLINK Capital Corporation is a provider of innovative financial solutions in technology and equipment leasing, and equipment trading. Based in Mississauga, Ontario, CLEARLINK operates throughout North America and Europe.

CLEARLINK™ is a trademark of CLEARLINK Capital Corporation.


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