Trading Update

20 September 2018

Northern Bear PLC

("Northern Bear", the "Company" or, together with its subsidiaries, the "Group")

Trading Update

The board of directors of Northern Bear plc (the "Board") is pleased to provide an update on its trading for the six month period ending 30 September 2018 ("H1 FY19").

In the Chairman's Statement in our last annual report and accounts for the year ended 31 March 2018 we stated that the current financial year had started well and that the Group continued to hold a high level of committed orders. The Board is delighted to announce that, having sufficient visibility of results for H1 FY19, the unaudited interim results will show operating profit (stated prior to the impact of transaction costs and amortisation associated with the H Peel acquisition) ahead of prior year results.

The Group continues to hold a significant order book and we are optimistic for continued strong trading in the second half of the financial year ending 31 March 2019.

The Group's unaudited interim results will be released in mid November 2018.

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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.