CLV Clipper Ven.

    Embargoed: 0700hrs, 30 April 2007

                             Clipper Ventures Plc                              

                     ("Clipper Ventures" or the "Company")                     

                 Balance Sheet Restructuring & Maiden Dividend                 

The Board of Clipper Ventures, the AIM listed international marine events
company, is pleased to confirm that it has now received court approval of the
restructuring of the Company's balance sheet to eliminate the negative balance
on its Profit and Loss account against its Share Premium account. The
restructuring was proposed and voted upon on at the Company's last Annual
General Meeting.

 

This restructuring will take place in the accounts for the financial year ended
today (30 April 2007), and will create distributable reserves sufficient to
allow the Board to recommend the payment of a maiden dividend of 0.25 pence per
ordinary share.

For further information, please contact:

Clipper Ventures Plc

William Ward, Chief Executive Officer

Jeremy Knight, Finance Director

+44 (0) 23 9252 6000

Hansard Group

Adam Reynolds/Ben Simons

+44 (0) 20 7245 1100

Blue Oar Securities Plc*

David Seal

+44 (0) 20 7448 4400

* Blue Oar Securities was formerly Corporate Synergy Plc and acts as Nominated

Adviser & Broker for the Company



END

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