Trading Statement

Northern Bear Plc
27 March 2008


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

                                Trading Update

Northern Bear, a holding company for a growing portfolio of Northern based
building services businesses, is pleased to announce a trading update ahead of
the announcement of its preliminary results for the financial year ended 31
March 2008.

Northern Bear expects turnover and profit before tax for the 12 months to 31
March 2008 to be at the upper end of market expectations, which the Company
believes reflects a combination of its success in acquiring and integrating
earnings enhancing businesses and its policy to diversify away from the cyclical
'New Build' housing sector.

There remains a wide pool of potential acquisitions which meet the Company's
criteria and therefore there continues to be ample opportunities to
substantially increase the size of the business and enhance earnings per share,
in line with the Company's stated acquisition strategy. The Company is currently
evaluating a number of potential opportunities and during the year successfully
completed four acquisitions:

   • Jennings Roofing Limited (Acquired November 2007)
   • Hastie D Burton Limited (Acquired June 2007)
   • Chirmarn Surveying Limited (Acquired May 2007)
   • Chirmarn Limited (Acquired May 2007)

As a consequence of these acquisitions, the Company has diversified its customer
base, and developed its business away from the new build housing sector, which
is expected to contribute less than 15% of turnover in the current financial
year.

The majority of the Company's customers undertake public funded projects, a
segment of the market which continues to benefit from the Government's
commitment to the 'Decent Homes' initiative aimed at making significant capital
improvements to local authority housing stock. In many cases we have had long
standing relationships with these customers which enables the Company to view
forward revenue streams with a high level of confidence.

Northern Bear looks forward to further updating the market at the time of its
preliminary results for the year ended 31 March 2008, in late May 2008.

Jon Pither, Chairman of Northern Bear, commented: 'During the period we have
delivered on the targets we set, adding four cash generative businesses to our
growing portfolio of Northern based building services businesses, all of which
have been successfully integrated and have contributed positively to the
Company's financial performance. We look forward to announcing our results in
late May 2008 and the Board remains confident of the Company's trading outlook
for the coming financial year.'


                                    - Ends -

Enquiries please contact:

Northern Bear Plc
Graham Forrest, Chief Executive
0191 371 2934

Strand Partners Limited
James Harris / Braden Saunders
020 7409 3494

St Helen's Capital
Ruari McGirr
020 7628 5582

Cardew Group
Tim Robertson / David Roach
020 7930 0777


For further information on the Company please visit www.northern-bear.com

Notes to Editors

Northern Bear is the holding company for a growing portfolio of northern based
building services businesses, currently comprising 10 businesses in total. The
Company is focused on acquiring well established, cash generative building
services businesses based in the North of England in order to expand the
portfolio of building services that the group currently offers. Northern Bear is
committed to diversifying its customer portfolio, and is successfully
implementing its policy to further develop its business away from the cyclical
'New Build' housing sector, which is expected to contribute less than 15% of
Northern Bear's turnover in the current financial year. Northern Bear is listed
on the AIM market of the London Stock Exchange under the ticker symbol 'NTBR'.

Northern Bear currently has 10 businesses in its portfolio, including:

   • Jennings Roofing Limited (Acquired November 2007)

   • Hastie D Burton (Acquired June 2007)

   • Chirmarn Surveying Limited (Acquired May 2007)

   • Chirmarn Limited (Acquired May 2007)

   • MGM Limited (Acquired February 2007)

   • Floor Joist (Acquired December 2006)

   • Wensley Roofing (Acquired December 2006)

   • Springs Roofing (Acquired December 2006)

   • Roof Truss (Acquired December 2006)

   • Isoler (Acquired December 2006)




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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