Directorate Change

19 June 2013

Northacre PLC

("Northacre" or the "Company")

Directorate change

Northacre regrets to announce that Ken MacRae has today resigned from his positions with, and as a Director of, the Company with immediate effect. The Company and the Board would like to take this opportunity to thank Ken for his dedicated service to the Company and wish him well in his future endeavours.

Enquiries:

Northacre PLC Tel: 020 7349 8000

Klas Nilsson (Non-Executive Chairman)

finnCap Ltd Tel: 020 7220 0500

Stuart Andrews

Henrik Persson

Hudson Sandler Ltd Tel: 020 7796 4133

Michael Sandler