NBI.L Regulatory News (NBI)

12 Jan 2015

Northbridge Industrial Services Plc

("Northbridge" or the "Group")

Trading Update

Northbridge, the industrial services and rental company today issues the following trading update in advance of its pre close trading statement which will be issued in the normal course of business at the end of January.

The Board is aware of market concerns following the recent significant reduction in the price of oil. It is too early to assess any longer term impact for the Group as a whole should the oil price remain at the current level or fall further. While those parts of the Group directly servicing the Oil and Gas sector would be impacted by a slowdown in exploration and production activities, other parts could benefit from a sustained lower oil price, most noticeably the transformer division whose customer base includes Independent Power Project (IPP) companies, and also that part of the loadbank division which is focused on supporting the power reliability sector in the UK, Europe and the USA

Whilst it is possible that the current low oil price may have some impact on the 2015 performance, the fall in the price of oil has had a minimal impact on current trading and we expect results for 2014 to be substantially in line with management's expectations.

We remain confident in the Group's prospects and committed to our stated strategy.

For further information

Northbridge Industrial Services plc 01283 531645

Eric Hook, Chief Executive Officer

Craig Robinson, Finance Director

Westhouse Securities Limited (Nominated Adviser and Broker) 020 7601 6100

Robert Finlay / Antonio Bossi / Henry Willcocks

Buchanan 020 7466 5000

Charles Ryland / Stephanie Watson

About Northbridge:

Northbridge Industrial Services plc hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, India, Brazil, Korea and Azerbaijan, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector. The product range includes loadbanks, transformers, and oil tools. Northbridge was admitted to AIM in 2006 since when it has recorded increased earnings and dividends based on providing a high level of service, responsiveness and flexibility to customers. It has grown by the acquisition of companies in the UK, Dubai, Azerbaijan, Australia, Belgium, Singapore and New Zealand and through investing further in those acquired companies to make them more successful. Northbridge continues to seek suitable businesses for acquisition across the world.