RNS No 5656k
CLIPPER VENTURES PLC


                    DEALINGS BY SUBSTANTIAL SHAREHOLDERS

1)  NAME OF COMPANY

    CLIPPER VENTURES PLC

2)  NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

    THE MICROCAP GROWTH TRUST PLC 

3)  Please state whether notification indicates that it is in respect of holding
    of the Shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18

    IN RESPECT OF THE SHAREHOLDER NAMED IN 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them.

    LLOYDS BANK (STOCK EXCHANGE) NOMINEES LIMITED

5)  Number of shares/amount of stock acquired.

    500,000

6)  (5.27%) of issued Class

7)  Number of shares/amount of stock disposed

    

8)  ( N/A %) of issued Class

9)  Class of security

    ORDINARY SHARES OF 1P

10) Date of transaction

    26 AUGUST, 1999

11) Date company informed

    26 AUGUST, 1999

12) Total holding following this notification

    500,000

13) Total percentage holding of issued class following this notification

    5.27%    

14) Any additional information

    SHARE SUBSCRIPTION PURSUANT TO PLACING AND ADMISSION TO AIM

15) Name of contact and telephone number for queries

    HUGH ORAM, NABARRO WELLS & CO LIMITED,
    0171 710 7400

16) Name and signature of authorised company official responsible for making
    this notification

    Date of Notification....26 AUGUST, 1999...........


END


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