Director’s dealing

02 September 2016

Northern Bear PLC

(“Northern Bear” or the “Company”)

Director’s Dealing

The Company was informed on 02 September 2016 that Tom Hayes, Finance Director of the Company, acquired 20,000 ordinary shares of 1p each in the Company (“Ordinary Shares”) in the market at a price of 45p per Ordinary Share (the “Share Purchase”). Following the Share Purchase, Mr. Hayes is beneficially interested in 70,000 Ordinary Shares representing approximately 0.4 per cent. of the Company’s currently issued share capital.

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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”).