Issue of Equity

Northern Bear Plc
04 September 2007

                                Northern Bear Plc
                       ('Northern Bear' or the 'Company')

                                Issue of Shares

Pursuant to the sale and purchase agreement entered into in connection with the
Company's acquisition, announced on 1 June 2007, of Hastie Limited and its
subsidiary, Hastie D. Burton Limited, the Board of Northern Bear has issued a
further 36,733 ordinary shares of 1p each in the Company ('Ordinary Shares'), at
an issue price of £1.425 per share, having a value of approximately £52,345.

The shares will rank pari passu with the existing issued Ordinary Shares.
Application has been made for the new Ordinary Shares to be admitted to trading
on AIM which is expected to take place on 5 September 2007.

Following the issue, the Company's issued and voting share capital comprises
15,924,345 Ordinary Shares.


Enquiries please contact:

Northern Bear Plc
Graham Forrest, Chief Executive
0191 371 2934

Strand Partners Limited
James Harris / Braden Saunders
020 7409 3494







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