Directorate Change

25 June 2013

Northacre PLC

("Northacre" or the "Company")

Directorate change

Northacre regrets to announce that Mohamed Abdulsalam AlRafi has today resigned from his position as a Non-Executive Director of the Company with immediate effect. The Company and the Board would like to take this opportunity to thank Mohamed for his dedicated service and support to the Company and wish him the very best 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