Issue of Equity

Northern Bear Plc
07 May 2008


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

                                Issue of Equity

Pursuant to the sale and purchase agreement entered into in connection with the
Company's acquisition of A1 Industrial Trucks Limited, announced on 2 April
2008, the Board of Northern Bear has issued a further 224,168 ordinary shares of
1p each in the Company ('Ordinary Shares') by way of additional consideration
following the finalisation of completion accounts, at an issue price of £1.20
per share, having a value of approximately £269,000.

The shares will rank pari passu with the existing issued Ordinary Shares.
Application has been made for the 224,168 new Ordinary Shares to be admitted to
trading on AIM and dealings are expected to commence on 12 May 2008.

Following the issue of these shares the Company's total outstanding issued share
capital will consist of 18,752,807 Ordinary Shares with voting rights.


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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