Re Alliance

RNS Number:7079R
Clipper Ventures PLC
05 November 2003

For Immediate Release

5, November 2003



     CLIPPER SIGNS #427,000 HOSTING RIGHTS DEAL WITH DURBAN, SOUTH AFRICA



Clipper Ventures Plc, the AIM listed ocean racing company, today announces the
signing of a #427,000 ($5m Rand) deal with the port city of Durban. In return
the city will receive full representation rights within South Africa in the
Clipper 2005 Round the World Yacht Race. Durban now joins race host, the UK city
of Liverpool and the State of Western Australia as the latest race partner in
Clipper's international line up.



As part of the #427,000 deal, the city of Durban will provide a cash rights fee
and event hosting infrastructure and services during a high profile race
stopover in November 2005. The Clipper fleet's stay in Durban Bay will be hosted
by its main marina, served by the Point Yacht Club and Royal Natal Yacht Club.



Clipper Ventures' fifth running of its flagship event will be divided into 12
stages in all, taking its crews on the longest route of all round the world
races as they fight for the 'Clipper World Challenge Cup.'



The newly introduced concept of "nation versus nation" for the Clipper 2005
event and the increase of the fleet size to ten longer and faster yachts will
enable a three-fold increase in revenues over the 2002 race.



Clipper Venture's Chairman, Sir Robin Knox-Johnston, said: "Durban represents
the third hosting deal we have signed in the space of a month and is a clear
indication that Clipper's strategy to promote organisations through it's races
has the confidence of many willing to invest significant resource into these
forthcoming ventures. With the return of South Africa to the international
yachting fold, Durban offers a first class location with excellent yachting
facilities and support infrastructure."

                                                                            /...

His Worship the Mayor Councillor Obed Mlaba expressed his delight on behalf of
the Durban community. He said: "The ten strong racing fleet will spend over a
week here in November 2005, attracting international tourists and locals alike
to the port city and providing a significant boost to the region's tourism,
hospitality and maritime industries.  The positive economic impact runs into
tens of millions of Rand, as the Clipper race not only attracts visitors whilst
it is in port but also provides an opportunity to promote Durban throughout the
whole eleven-month race."



                                      Ends

                                                                5, November 2003



For further information, please contact:

Loretta Spridgeon
Clipper 2005 Press Officer
CLIPPER VENTURES PLC
Tel: [phone]
Fax: [phone]
Mobile: [phone]
Email: [e-mail]
Website: www.clipper-ventures.com



or CONDUIT PR
Leesa Peters: + 44 7812 159 885
Laurence Read: + 44 7979 955 923




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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