Director/PDMR Shareholding

5 Dec 2008 15:00

Northern Bear Plc

("Northern Bear" or the "Company")

Director's Dealing

Northern Bear received notification on 4 December 2008 that Graham Forrest, Chief Executive of the Company, transferred, on 4 December 2008, 269,525 ordinary shares of 1 penny each ("Ordinary Shares") in the Company, representing 1.42 per cent of the Company's issued share capital to a third party at a price of 70 pence per share in settlement of a pre-existing obligation.

Mr Forrest is now interested in 2,283,492 Ordinary Shares representing 12.04 per cent of the issued share capital of the Company.

** Ends **

Enquiries please contact:

Northern Bear Plc

Graham Forrest, Chief Executive

+44 (0) 77 6496 3751

Strand Partners Limited

James Harris 

+44 (0) 20 7409 3494

St Helen's Capital plcRuari McGirr

+44 (0) 20 7628 5582

For further information on the Company please visit www.northern-bear.com