CLV Clipper Ven.

RNS Number:6115S
Clipper Ventures PLC
17 October 2000



                  CLIPPER VENTURES PLC
                            
  ANNOUNCES INCREASE IN POTENTIAL SPONSORSHIP REVENUES
                            
Clipper  Ventures  Plc.  ('Clipper  Ventures'),  the  AIM
quoted yacht racing and branded marine events company, is
pleased   to  announce  an  increase  in  the   Company's
potential  sponsorship  revenues  and  sponsorship  brand
value,  after receiving a larger than expected, sustained
media  interest  in  the Company's 'Times  Clipper  2000'
round-the-world yacht race, which started  on  its  first
leg to Portugal, from Portsmouth, on Sunday.

The current #1.5 million aggregate value of the Company's
sponsorship   portfolio  (including   cash,   goods   and
services), is now expected to exceed #5 million  for  the
next race, as a result of the enormous media interest the
'Times  Clipper  2000' has received both  prior  to,  and
during  its  start at the weekend. This bodes  well  when
compared   with  coverage  received  by  similar   races,
currently commanding much higher sponsorship revenues.

The  Race  is attracting extensive coverage on BBC,  ITN,
Sky  Television, and The Times newspaper, amongst others.
This  is  on  top  of  the excellent  coverage  the  Race
received  following  a recent event  at  St.  Katherine's
Dock, in London, and at the more recent Southampton  Boat
Show.  On-going coverage will be well supported,  with  6
journalists, including representatives of The  Times  and
the  BBC, currently on-board the boats. Each of the eight
yachts  competing  is named after and is  backed  by  the
cities  of  London,  Leeds, Liverpool, Glasgow,  Bristol,
Plymouth, Portsmouth and the Island of Jersey.  This city-
versus-city  concept  has  substantially  increased   the
competitive  following and substantially increased  media
interest in the event.

Clipper Ventures' current sponsorships include race title
sponsorship from the Times Newspaper, as well  as  'stop-
over'  sponsorship already sold to The Berkeley  Festival
Waterfront  Company  (Portsmouth),  the  Algarve  Tourism
Board  (Vilamoura), Fox-Pitt Kelton (Hong Kong)  and  the
Island of Jersey. Clipper has also made signage, licensee
and official supplier agreements with Ladbrokes, Olympus,
Argosy  Publishing  and  others. The  Company's  on-going
sponsorship  agreements with other 'stop over'  sponsors,
of  which  there are a number in the pipeline, will  only
strengthen,  as  the  Company and the  Race  continue  to
receive this high level of media interest.

Sir   Robin  Knox-Johnson,  Clipper  Ventures'  Chairman,
commented:

'We,  at  the  Company,  are delighted  with  the  huge
interest that has been shown in the race, as it not  only
exceeds  our  expectations, but far exceeds the  coverage
normally  afforded a yacht  race of this nature.  We  are
delighted  at the increased interest in sponsorship  that
we  are  attracting, following this dramatic increase  in
both the race's profile, and that of the Company.'


For further information, please contact :



Clipper Ventures plc
William Ward, Chief Executive                 023-8023 7088

Buchanan Communications
Steve Liebmann or Ed Cowdery                  020-7466 5000

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