Additional Listing

Northacre PLC
4 April 2001

Northacre



                               Further Listing



Application has been made for 1,490,917 new Ordinary Shares to be admitted to
trading on the Alternative Investment Market. These new ordinary have been
issued to Orb Estates Plc, at a subscription price of 46.43p per share in
respect of 861,512 new Ordinary Shares and 39.72p per share for the remaining
629,405 shares. These shares have been issued following the exercise of
conversion rights in respect of the outstanding balance of a loan pursuant to
a loan agreement with Orb Estates Plc dated  September 2000. Admission is
expected to become effective in these new ordinary shares, which rank pari
passu in all respects with the existing Ordinary Shares, on 6 April 2001.