Northern Bear Plc

('Northern Bear' or the 'Company')

Director/PDMR Shareholding

Northern Bear received notification on 15 August 2008 that, following an acquisition of 10,000 ordinary shares of 1p each in the Company ('Ordinary Shares') at a price of 80 pence per share on 14 August 2008, Jon Pither is now interested in 2,487,914 Ordinary Shares representing 13.27 per cent. of the issued share capital of the Company.

Enquiries please contact:

Northern Bear Plc

Graham Forrest, Chief Executive

0191 371 2934

Strand Partners Limited

James Harris

020 7409 3494