CLV Clipper Ven.

    Embargoed: 0700hrs, 8 February 2007

                             Clipper Ventures Plc                              

                     ("Clipper Ventures" or the "Company")                     

                   Banking Facilities and Conversion of Debt                   

Clipper Ventures, the AIM listed international marine events company, is
pleased to announce that, following the successful placing announced on 23
January 2007 which raised �1,050,000 through the issue of 7,000,000 new
Ordinary Shares at 15 pence per share, Clydesdale Bank has now agreed new
banking facilities. These facilities are initially for �1,500,000 reducing to
�750,000 by August 2007.

In addition to the granting of this new facility, and as previously referred to
in the interim results issued on 18 January 2007, the directors and Sportnet
Ltd, who had previously lent the Company monies have agreed to convert loans,
in aggregate, of �200,000 into equity at 15 pence per new ordinary share. The
details are as follows:

Director / Company             Number of new        Total       % of enlarged
                               shares issued      holding        issued share
                                                following             capital
                                               conversion                    
                                                                             
Sir Robin Knox-Johnston              333,333    2,609,941               6.66%
                                                                             
Robert Dench                         666,667      666,667                1.7%
                                                                             
Sportnet Ltd (a company in           333,333      433,333                1.1%
which David Stubley is                                                       
beneficially interested)                                                     

William Ward, the only independent director of the Company for these purposes
considers, having consulted with Corporate Synergy Plc, that the terms of the
conversion of debt into equity by the directors of the Company referred to
above is fair and reasonable insofar as its shareholders are concerned.

Following conversion of these loans, the Company has outstanding directors
loans of �200,000.

William Ward, Chief Executive, commented:

"With the new funds received and the agreement of our new banking facilities,
Clipper Ventures is now in a position for the first time in its history to
fulfil and achieve its huge potential. In the past we have been hampered by
cash restraints due to the nature of the Groups cash flows. We now have the
opportunity to demonstrate the robustness, sponsorship ability and quality of
our business and I view the coming years with confidence."

Application has been made for the 1,333,333 newly converted shares to be
admitted to trading on AIM. Trading is expected to commence on 14 February
2007. Following admission, the Company will have 39,152,942 shares of one penny
each in issue.

For further information, please contact:

Clipper Ventures Plc
William Ward
Chief Executive Officer
+44 (0) 23 9252 6000

Hansard Group
Adam Reynolds/Ben Simons
+44 (0) 20 7245 1100

Corporate Synergy Plc
David Seal/John Prior
+44 (0) 20 7448 4400



END

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