CLV Clipper Ven.

RNS No 6864m
CLIPPER VENTURES PLC
20 September 1999


                     CLIPPER VENTURES PLC
                               
            FORMATION OF BOAT DISTRIBUTION DIVISION


Clipper Ventures PLC ("Clipper"), the branded yachting  events
and  activities  company  quoted on  AIM,  has  formed  a  new
operating  division  to  distribute boats,  complementing  its
existing activities.

An  agreement  has  been  signed with Gemini  Inflatables  Pty
("Gemini")  of Cape Town, South Africa, a leading manufacturer
of rigid inflatable boats ("RIBs") and other inflatable craft,
for  the  exclusive marketing, importing and  distribution  of
Gemini  products  in  the  United Kingdom  excluding  Northern
Ireland.

A  long-established manufacturer of RIBs,  Gemini  produces  a
broad range of standard and bespoke craft which are sold world-
wide   into   leisure,  rescue  and  military   markets.    In
particular, Gemini craft have been used as standard  for  many
years   by   the  South  African  marine  search  and   rescue
organisation,   the   National  Sea  Rescue   Institute,   the
equivalent to the UKs Royal National Lifeboat Institution.

The  Boat  Distribution Division will be  based  at  Clippers
Southampton  offices  which  also  accommodate  the  Corporate
Sailing  Division.  In addition to sales and  distribution  of
inflatable  craft, Clipper also plans to include  RIBs  within
its  overall corporate sailing package, offering combined sail
and   power  events  from  corporate  days  to  dedicated  RIB
powerboat racing events.


Managing Director, William Ward stated :

"We  are delighted to have obtained the UK distributorship for
Gemini  RIBs.  This new division takes Clipper into a  rapidly
growing  part  of  the leisure marine market  and  also  helps
broaden our revenue base, making the business less reliant  on
major events."


About Clipper Ventures

Until  now,  Clipper  Ventures  has  comprised  two  principal
operating  divisions.   The  Events  Division  organises   the
biennial  Clipper  round-the-world races which,  historically,
generated the bulk of Clippers revenues.  Clipper 98 started
in  October 1998 and finished in August 1999.  The next round-
the-world  race, The Times Clipper 2000 starts from Portsmouth
in  October  2000.   The Corporate Sailing Division  commenced
operations  earlier  in  1999 and offers  corporate  charters,
racing  and training services.  The Boat Distribution Division
become Clippers third operating division.

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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