Director/PDMR Shareholding

Northern Bear Plc
01 April 2008



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

                               Director's Dealing

Northern Bear announces that on 31 March 2008 David Jay, Finance Director,
transferred his entire shareholding of 543,000 ordinary shares of 1p each in the
Company ('Ordinary Shares'), representing 3.19 per cent. of the issued share
capital, into a short term life interest trust, with his partner as nominated
sole beneficiary. Specifically, the transfer is to allow Mr Jay to take
advantage of capital gains tax taper relief which is due to expire on 5 April
2008.

For clarification, the Company confirms that the transfer does not involve a
sale of the Ordinary Shares which have instead been gifted to the trust and
hence it does not result in any change in the underlying beneficial ownership of
the Ordinary Shares which are expected to resort to Mr Jay's direct ownership
following a period of approximately three months having elapsed. The terms of
the trust specify that any income would benefit the nominated beneficiary during
this period, namely his partner.

As a result, the beneficial interest of David Jay in the issued share capital of
the Company remains unchanged as follows:

                                  Total number of    % of issued share capital
Director                          Ordinary Shares               of the Company
David Jay                                 543,000                         3.19



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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