RNS Number:6689E
Clipper Ventures PLC
01 November 2004


For Immediate Release                                         1st November 2004


               CLIPPER VENTURES ANNOUNCES WPP 5-OCEANS ALLIANCE


Clipper Ventures plc, the AIM quoted marine sports company today announces the
signing of a marketing alliance with Global Sportnet, (GSN), the WPP owned
sports marketing agency.

This alliance will result in a combined targeted revenue of US$5.5 million for
the 2006 5-Oceans Round the World Yacht Race and the formation of a race
management board to manage and market the 5-Oceans solo grand prix.

The deal will cover the next two events, which are due to be run in 2006 and
2010 respectively, and GSN will be exclusively responsible for the marketing of
the broadcast and sponsorship rights to these races on a worldwide basis.

5-Oceans was recently acquired by Clipper Ventures Plc and has contributed more
than #0.4m revenues in the financial year ending April 2003 and the Board is
hopeful that the GSN partnership will assist in increasing this contribution in
future years.

Commenting on today's announcement, Sir Robin Knox-Johnston, Chairman and the
first man to sail solo non-stop around the World, said: "5-Oceans will celebrate
its 25th anniversary in the 2006/7 race. The new Grand Prix format, coupled with
the GSN's marketing firepower, will make it the most successful edition yet. The
notice of race has been published and interest from syndicates is at an all time
high. Our partnership with GSN will help further develop 5-Ocean's commercial
potential to bring it to the fore of both the yachting and sporting calendars."

William Ward, CEO of Clipper Ventures, added: "This alliance demonstrates that
Clipper Ventures is truly considered to be at the forefront of global yachting
events and is indicative of the potential sponsorship value of our events."

Thomas Martens, CEO of Global Sportnet, said: "Sailing is a growth sport and we
love the heritage of the 5-Oceans and the modern vision that Sir Robin has for
its future. Our relationships with the World's broadcaster networks will deliver
significant TV exposure to sponsors and cities backing the race. We also look
forward to breaking new ground by delivering the action to a whole new fan base
through our pioneering broadband TV platform.  Solo round the World yacht racing
is the ultimate test of man and machine; it is an utterly compelling
proposition."

                                     ENDS

                                                              1st, November 2004



FURTHER INFORMATION & RIGHTS-FREE IMAGES:

Loretta Spridgeon
Head of Media & Public Relations
CLIPPER VENTURES PLC
Tel: +44 (0) 23 8023 7088
Fax: +44 (0) 23 8023 7081
Mobile: +44 (0) 7773 818586
Email: lspridgeon@clipper-ventures.com
Website: www.clipper-ventures.com


EDITORS' NOTE:

5-Oceans Advisory Board: David Stubley, CEO Performance; Sir Robin
Knox-Johnston, Chairman Clipper Ventures; Mike Golding, Winner 2004 Transat;
Bernard Stamm, Winner 2002/3 5-Oceans (Class 1); Brad Van Liew, Winner 2002/3
5-Oceans (Class 2); Andrew Pindar, Group Chairman Pindar; and Andrew Preece,
Director APP Broadcast.


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

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