Director/PDMR Shareholding

24 Jul 2008 16:20



Northern Bear Plc

("Northern Bear" or the "Company")

Director's Dealing

Further to the announcement on 1 April 2008, Northern Bear was notified today that David Jay, Finance Director, has transferred his entire shareholding of 543,000 ordinary shares of 1p each in the Company ("Ordinary Shares"), representing 2.90 per cent. of the issued share capital, from a short term life interest trust back into Mr Jay's direct ownership as previously expected. The original transfer was made to allow Mr Jay to take advantage of capital gains taper relief which expired on 5 April 2008.

As a result, the beneficial interest of David Jay in the issued share capital of the Company remains unchanged as follows:

Enquiries please contact:

Northern Bear Plc

Graham Forrest, Chief Executive

0191 371 2934

Strand Partners Limited

James Harris

020 7409 3494