Acquisition

Northern Bear Plc
14 May 2007



14 May 2007

                               NORTHERN BEAR PLC

                    Acquisition of CHIRMARN HOLDINGS LIMITED

                   Acquisition of asbestos removal specialist



The board of Northern Bear Plc ('Northern Bear' or 'the Company') is pleased to
announce the acquisition of Chirmarn Holdings Limited ('Chirmarn') and its
subsidiaries, Chirmarn Limited and Chirmarn (Surveying) Limited. Chirmarn, based
in the North East, specialises in the identification, treatment, safe removal
and disposal of all types of asbestos at both commercial and residential sites.
The directors of Northern Bear believe that this acquisition is a good strategic
fit for the Company's group.

In the year ended 30 November 2005, Chirmarn reported turnover of over
£3,100,000, an operating profit of £618,000 and net assets of £1,497,000.

The consideration to be paid for the entire issued share capital of Chirmarn is
£3.728 million ('the Consideration'). The Consideration is to be satisfied by
the payment of £2.58 million in cash from the Company's existing resources and
by the allotment of 820,000 Ordinary Shares in the capital of the Company, at an
issue price of £1.40 having a value of £1,148,000. These shares will be issued
at completion and expected to begin trading on AIM on 18 May 2007.

As a result of the issue of new shares as part of the Consideration, the share
structure of the Company will now comprise 13,046,583 issued Ordinary Shares of
1p each, with each share carrying the right to one vote.

In addition there are 882,718 shares under option held by executives in the
Company and it is anticipated that there will be warrants totalling 1,050,000
which were approved in principle by the Remuneration Committee following the
successful acquisition of Chirmarn, to be issued and priced at the first
opportunity when the Company is not in a closed period.



For further enquiries please contact:

Graham Forrest, CEO, Northern Bear Plc: [phone]



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