RNS No 8856p
CLIPPER VENTURES PLC
12 October 1999

                     CLIPPER VENTURES PLC
                               
               APPOINTMENT OF SPONSORSHIP AGENCY

Clipper Ventures PLC ("Clipper"), the branded yachting  events
and   activities   company  quoted  on  AIM,   has   appointed
International Management Network ("IMN") as exclusive agent to
handle  the commercial rights to the forthcoming Times Clipper
2000 round-the-world race which starts in October 2000.

IMN  will  seek sponsors and the sale of commercial rights  at
the  12   race stop-overs which will include major  commercial
centres  in Hawaii, Japan, China, Singapore, Hong Kong,  South
Africa, Brazil and the USA.

In addition, IMN will assume responsibility for the generation
of sponsorship revenues in connection with the scheme in which
the 60ft yachts competing in the race will each be named after
major UK cities or towns. To date, commitments have been  made
to  name  boats  for  Portsmouth and Jersey;  further  cities
commitments are expected in due course.

Sir Robin Knox-Johnston, Chairman of Clipper Ventures, stated:

"International  Management Network  is  a  highly  experienced
sponsorship  agency. We confidently expect it to  be  able  to
generate significant revenues from sponsorship and the sale of
commercial  rights for the Times Clipper 2000  round-the-world
race.  This  should compare very favourably  with  the  rather
modest  sponsorship  revenues achieved  for  Clipper
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