Director's Share Dealing

12 July 2010

Northern Bear PLC

("Northern Bear" or the "Company")

Director's Share Dealing

The Company was notified on 9 July 2010 that Graham Forrest, Chief Executive of the Company, has transferred, on 9 July 2010, 100,000 ordinary shares in Northern Bear (the "Ordinary Shares") to Laura Forrest, his daughter.

Graham Forrest is now beneficially interested in 1,883,492 Ordinary Shares representing 9.93 per cent. of the Company's issued ordinary share capital.

Ends

For further information please contact:

Graham Forrest                                    +44 (0) 77 6469 3751

Northern Bear PLC

James Harris                                        +44 (0) 20 7409 3494

James Spinney

Strand Hanson Limited

David Banks                                         +44 (0) 20 7107 8042

Paul Jewell

Seymour Pierce

Adam Reynolds                                   +44 (0) 20 7245 1100

Hansard Communications