Holding(s) in Company

19 October 2011

Northern Bear PLC

("Northern Bear" or the "Company")

Holdings in Company

The Company has been informed that, throughout the 17th and 18th October 2011, Mr. Roy Stanley acquired 680,000 ordinary shares in the Company ("Ordinary Shares") at a price of 11 pence per Ordinary Share, representing 3.81 per cent. of the Company's issued share capital currently trading on AIM.

Mr. Stanley is now interested in 896,500 Ordinary Shares representing 5.04 per cent. of the Company's issued share capital currently trading on AIM.

**ENDS**

For further information contact:

Northern Bear Plc

Steve Roberts - Chief Financial Officer +44 (0) 77 1047 3125

Strand Hanson Ltd

James Harris / James Spinney +44 (0) 20 7409 3494

Seymour Pierce Ltd

David Banks / Paul Jewell / Katie Ratner +44 (0) 20 7107 8000