RNS Number:3459V
Clipper Ventures PLC
12 February 2004

            Clipper Ventures plc ("Clipper" or the "Company")

Clipper, the AIM listed marine events company, today announces that it has
raised #1,040,000, before expenses, through the placing of 8,320,000 new
ordinary shares of 1p each at 12.5p per share ("Placing Shares"), with 
institutional and other investors.

Pursuant to the placing, William Ward, Robert Dench and Sir Robin Knox-Johnson,
Directors of the Company have subscribed for a total of 1,680,000 Placing
Shares.  The Placing Shares will rank pari passu with the ordinary shares of the
Company currently in issue.  Application has been made for the Placing Shares to
be admitted to trading on AIM, with admission expected to take place on 18
February 2003.

William Ward, chief executive of Clipper, commented "this fundraising
will assist in the procurement of foreign exchange forward cover on the build of
our new fleet of Dubois 68's. Since contracting the build, the movement
in the US$ exchange rate has reduced the # cost of the build by more than 15%."


Enquiries:

William Ward, Clipper Ventures plc, Tel: 02380 237 088

                      This information is provided by RNS
            The companynews service from the London Stock Exchange
END

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