Northern Bear Regulatory News (NTBR)

11 November 2021

Northern Bear plc

("Northern Bear" or the "Company")

Directorate Changes

Mr Khera began his career at Credit Suisse, within DLJ Real Estate Capital Partners, before joining Blackstone's real estate investment team in 2006 where he spent 10 years, becoming a managing director of the Real Estate Capital Markets team in 2011. In 2016, Mr Khera founded Node Living, a fully integrated residential investment, development and management company based in London which operates across Europe and North America.

The Company also announces that, further to the Company's announcement of 24 August 2021, John Holroyd has retired from the Board.

Jeff Baryshnik, Non-Executive Chairman of Northern Bear, commented:

"We are delighted to welcome Harry and Anil to the Board, who bring significant corporate, financial and real estate experience to the Company. I look forward to working with them going forward to create value for shareholders."

"We would like to thank John for his contributions to the Company, and we wish him well in his other pursuits."

For further information, please contact:

Further information on the Director Appointees:

The following details in relation to the appointment of the Director Appointees are disclosed in accordance with AIM Rule 17 and Schedule Two, paragraph (g)of the AIM Rules for Companies:

Mr Anil Khera (aged 43) has held the following directorships and/or partnerships in the past five years:

There is no further information to be disclosed in relation to Anil Khera's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

Mr Harry Jacob Samuel (aged 56) has held the following directorships and/or partnerships in the past five years:

There is no further information to be disclosed in relation to Harry Samuel's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.