Northern Bear Regulatory News (NTBR)

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Northern Bear PLC (CRN: 05780581)

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

Cedarvale Holdings Ltd (CRN: 12195328) and its sole shareholder, Jeff Baryshnik

City and country of registered office (if applicable)

London, United Kingdom

4. Full name of shareholder(s) (if different from 3.)v

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

4 April 2024

6. Date on which issuer notified (DD/MM/YYYY):

5 April 2024

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares

(total of 8. A)

% of voting rights through financial instruments 

(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

11.9%

N/A

11.9%

1,633,279

Position of previous

notification (if applicable)

12.4%

N/A

12.4%

1,708,745

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive

2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive

2004/109/EC)

(DTR5.2.1)

Direct

(Art 9 of Directive

2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive

2004/109/EC)

(DTR5.2.1)

Ordinary shares of £0.01

1,633,279

11.9%

SUBTOTAL 8. A

1,633,279

11.9%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration datex

Exercise/ 

Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

N/A

N/A

N/A

N/A

N/A

SUBTOTAL 8. B 1

N/A

N/A

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration datex

Exercise/

Conversion

Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

N/A

N/A

N/A

N/A

N/A

N/A

SUBTOTAL

8.B.2

N/A

N/A

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher

than the notifiable threshold

% of voting rights through financial in-

struments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher

than the notifiable threshold

Jeff Baryshnik

100%

N/A

100%

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional informationxvi

N/A

Place of completion

Toronto, Canada

Date of completion

4 April 2024