Trading Statement

Northacre PLC
16 July 2007



NORTHACRE PLC ('NORTHACRE' OR 'THE GROUP')


TRADING UPDATE


Northacre announces today a trading update.


WORKS IN PROGRESS



The Lancasters


Planning consent for The Lancasters was secured in May 2007 with works due to
commence on site in August 2007. The programme anticipates completion of this
landmark Hyde Park development will begin in 2010.



The Kensington


A planning decision on The Kensington, (formerly The Odeon Kensington High
Street), is due to be determined at Committee in September 2007. Having carried
out extensive consultation with local residents and planning officers over the
last twelve months the Group anticipates a positive outcome.



The Vicarage


Following a favourable decision in the High Court in April 2007, the Group is
pursuing an early settlement of this long-standing planning wrangle. A further
announcement on the progress of these discussions will follow within the next
few weeks.



Park Street


Following a very successful marketing campaign all the Park Street apartments
have now been sold. The Group anticipates the final account will confirm a
profitshare entitlement of £2.6m due to Northacre, of which £2.4m has been
received on account.



Trading


In addition to the successful outcome at Park Street, the Group subsidiaries at
Nilsson Architects and Lifestyles Interiors, also report improved activity. The
Board of Directors are therefore confident that an improvement in turnover will
be maintained as there continues to be a strong demand for the Northacre brand
of high quality residential schemes. The results for the year ended February
2007 will be announced in the week commencing 20th August 2007.


                                                                  16th July 2007

Enquires:

Northacre Plc Tel: [phone]

John Hunter, Chief Executive

Manish Santilale, Finance Director


KBC Peel Hunt Ltd: Tel: [phone]

Capel Irwin

Nicholas Marren



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