Issue of Equity

Northern Bear Plc
05 April 2007


 

 

                               Northern Bear PLC                                

                                Issue of equity                                 

                                                                            
                                                                             
For Immediate Release

5 April 2007

                                                                            
The Board of Northern Bear PLC ('Northern Bear' or the 'Company') announces that
it has issued and allotted a further 218,549 Ordinary Shares of 1p each in the
capital of the Company (the 'New Shares) in partial satisfaction of additional
consideration payable by the Company in connection with the acquisition of MGM
Ltd., announced on 5 February 2007. The New Shares will rank pari passu with the
existing Ordinary Share capital of the Company and have been allotted and issued
as fully paid.

 
Application has been made for the New Shares to be admitted to trading on AIM
and dealings are expected to commence on 11 April 2007.

Following admission, the total issued Ordinary Share capital of the Company has
increased to 12,226,583 Ordinary Shares of 1p each.


For further Information contact :

Northern Bear PLC
Graham Forrest, Chief Executive Officer             Tel:[phone]

Dawnay, Day Corporate Finance Limited
Sunil Sanikop                                       Tel:[phone]
Paul Cocker                                         Tel:[phone]



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