CLV Clipper Ven.

    Embargoed Release: 07:00hrs Tuesday 26 February 2008

                             Clipper Ventures plc                              

                             (`Clipper Ventures')                              

     China's Olympic Sailing City signs up to host next two Clipper Races      

 

Clipper Ventures Plc has signed an agreement with the Olympic Sailing Committee
of the Beijing 2008 Olympic Games for the Chinese city of Qingdao to host the
Clipper 09-10 and Clipper 11-12 Round the World Yacht Races in its Olympic
Sailing Centre.

 

The deal, which follows a successful eight-day stopover in the city that is to
host the sailing events in the upcoming 2008 Beijing Olympic Games, also
includes sponsorship of a Qingdao entry in both Clipper 09-10 and Clipper
11-12.

 

At a press conference in the Olympic Sailing Centre, Madam Zang, Executive
Chairwoman of the Qingdao Olympic Sailing Committee, said, "We look forward to
further co-operation with Clipper Ventures. We have a sincere friendship with
the organisers of the Clipper Round the World Yacht Race and we want to have
Qingdao as stopover for the Clipper Race forever."

 

Clipper Ventures Chief Executive William Ward said: "We have signed a letter of
intent to have further cooperation with Qingdao for at least the next two
races. To have this ongoing association with the city is a great honour for
Clipper Ventures."

 

The value of the deal has not been disclosed.

 

                                    -Ends-                                     

For further information please contact:

William Ward, CEO       Clipper Ventures Plc        02392-526000             
                                                                             
Adam Reynolds           Hansard Group               020-7245-1100            
                                                                             
William Vandyk          Blue Oar Securities         020 7448 4400            

 



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