Holdings in Company

25 November 2010

Northern Bear PLC

("Northern Bear" or the "Company")

Holdings in Company

The Company was informed today that, on 25 November 2010, Mr. Jon Pither acquired 246,500 ordinary shares in the Company ("Ordinary Shares"), representing 1.3 per cent of the Company's currently issued share capital. Mr. Pither is now interested in 2,734,414 Ordinary Shares representing 14.8 per cent. of the Company's issued share capital.

**ENDS**

For further information contact:

Northern Bear Plc

Graham Forrest - Chief Executive Officer 0776 4963751

Strand Hanson Ltd

James Harris / James Spinney 020 7409 3494

Hansard Group

Adam Reynolds 020 7245 1100

Seymour Pierce Ltd

David Banks / Paul Jewell / Katie Ratner 020 7107 8000