CLV Clipper Ven.

    Embargoed: 0700hrs 23rd March 2007

                             Clipper Ventures Plc                              

                         ("Clipper" or the "Company")                          

                              Qingdao Sponsorship                              

Clipper Ventures Plc, the AIM quoted ocean racing company, is delighted to
announce Qingdao, the home of sailing in the Beijing 2008 Olympics, signed an
agreement with Clipper Ventures today to be the primary Sponsor of the Qingdao
Clipper entry into Clipper 07-08. The deal will also see Qingdao act as Host
Port Sponsor for the fleet's visit to China in February 2008.

Qingdao is one of six repeat sponsors from the Clipper 05-06 Round the World
Yacht Race. Other yacht sponsoring cities include Singapore, Hull&Humber,
Glasgow and Liverpool.

Clipper Ventures CEO William Ward commented:

"Sponsorship deals for Clipper 07-08 and Clipper 09-10 are proving
significantly higher than for previous Clipper races in further recognition of
the economic benefit cities and regions are deriving from participation in this
global event. The high level of repeat sponsors such as Qingdao demonstrates
the success of our city-focussed sponsorship model."

Jeremy Knight FD of Clipper Ventures commented:

"The signing of this agreement underlines the robustness of our sponsorship
forecasts. Taken together with costs being firmly under control, a strong
balance sheet following the recent equity issue and crew recruitment for the
next race being well underway, we believe the company's current year profit
forecast of �0.9m will be achieved. We also remain confident of the company's
future year financial forecasts."

For further information, please contact:

Clipper Ventures Plc

William Ward CEO

Jeremy Knight FD

02392-526000

Hansard Group

Adam Reynolds

020-7245-1100

Corporate Synergy Plc

David Seal

020-7448 4416



END

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