CLV Clipper Ven.

RNS No 5803b
CLIPPER VENTURES PLC
26 August 1999

                     CLIPPER VENTURES PLC
                               
      PORTSMOUTH CITY SIGNS UP FOR THE TIMES CLIPPER 2000
                     ROUND-THE-WORLD RACE

* Clipper  Ventures PLC ("Clipper Ventures"), the  AIM  quoted
  round-the-world  yacht  racing and  sailing  event  company,
  announces its latest sponsorship agreement.

* Trading  in  Clipper  Ventures shares start  today  on  the
  Alternative Investment Market.

Clipper  Ventures,  organisers of  the  Round-the-World  yacht
races,  announced today that Portsmouth is to sign  up  for  a
yacht  in  the  prestigious  Times  Clipper  2000  race.    To
celebrate   the   Millennium,  the  race  organisers   invited
individual towns and cities to represent a yacht in the eleven-
month circumnavigation which will test boats and crews to  the
limit.

The  signing  ceremony  is being held  today  at  a  10.00  am
reception  at  the  #150  million Gunwharf  Quays,  Portsmouth
development.   It  was  announced in  January  at  the  London
International  Boat Show that Gunwharf Quays  would  host  the
start and finish of the prestigious Race.

Discussions  are  also well underway between Clipper  Ventures
and  other  major  towns and cities across  the  UK,  such  as
Belfast,  Birmingham, Bristol, Liverpool and  Plymouth,  which
have  shown  a keen interest in the opportunities provided  by
the  race.  Jersey Clipper was the first 'named yacht'  to  be
signed up.  One of the most exciting aspects is that this race
is  going  to give people the chance to get behind their  team
and their city as they compete against their rivals.

Commenting  on  todays announcement, Sir Robin Knox-Johnston,
Chairman of Clipper Ventures, said: "We are most pleased  with
todays  announcement  which has followed  several  months  of
negotiation and are delighted that Portsmouth Clipper will  be
on  the  start line.  Portsmouth is very much the  traditional
home  of  the Royal Navy and its close involvement  with  this
high-profile  event is in-keeping with its  maritime  history.
The  Times  Clipper 2000 will combine personal endeavour  with
true sporting competitiveness and with over 50% of crew places
already  filled,  we welcome Portsmouth entrants  to  race  on
Portsmouth Clipper."

The   Times  Clipper  2000  will  begin  at  Gunwharf   Quays,
Portsmouth  Harbour  on 14 October 2000  and  the  route  will
follow the proven successful format of the current and earlier
Clipper round-the-world races.  Comprising six legs, the fleet
will  visit over 14 ports stopping in some of the most  exotic
locations  in  the  world  including  Hawaii,  Japan,   China,
Singapore,  Hong Kong, South Africa, Brazil and the  USA.   In
addition to being the only race to travel up the Yangtze river
to  Shanghai,  the race is the longest of all  the  Round-the-
World  events  covering a distance of over 35,000  miles  from
start to finish and is highly demanding for skippers and crews
alike.

For further information, please contact :

Sir  Robin Knox-Johnston, Chairman; 
or William Ward, Managing Director
Clipper Ventures PLC                               01234-711550

Steve Liebmann or Tom Gadsby
Buchanan Communications                           0171-466 5000

END

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