RNS Number:2109B
Clipper Ventures PLC
26 July 2004


               CLIPPER VENTURES PLC ("CLIPPER" OR "THE COMPANY")


Clipper announce that at an extraordinary general meeting of the Company held
today, the proposed acquisition of the entire issued share capital of Zapcat
Racing Limited ("Zapcat") (the "Acquisition"), was approved by shareholders, and
consequentially the Acquisition has now completed.

Under the terms of the Acquisition, 789,500 ordinary shares of the Company ("new
Ordinary Shares") have been alloted to the Vendors of Zapcat. Application has
been made for the new Ordinary Shares to be admitted to trading on AIM, with
admission expected to take place on 30 July 2004.

William Ward, a director of Clipper, and a director and vendor of Zapcat, owning
94.8 per cent of its ordinary shares, has been allotted with 748,446 new
Ordinary Shares pursuant to the terms of the Acquisition. Mr Ward's shareholding
will therefore increase from 5,014,881 ordinary shares to 5,763,327, resulting
in him being interested in 21.76 per cent. of the Company's enlarged issued
share capital.


For further information please contact:

Jeremy  Knight - Finance Director                  Tel:  023 8023 7088
Clipper Ventures PLC

John Prior                                         Tel:  020 7626 2244
Corporate Synergy Plc



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

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