Company Announcements

17 July 2024

Northern Bear plc

("Northern Bear," the "Company")

Board Changes

Northern Bear (LSE:NTBR), the AIM quoted holding company of the group of companies providing specialist building and support services headquartered in Northern England and serving customers across the UK, is pleased to announce the appointment of Simon Carr CBE as Non-Executive Chairman of the Company with immediate effect.

Harry Samuel, Interim Non-Executive Chairman, resumes his previous role of Non-Executive Director with immediate effect.

Anil Khera will be stepping down from his role as Non-Executive Director, with immediate effect, in order to provide the board with an appropriate balance between Executive and Non-Executive Directors. The board would like to thank Anil for his hard work and contribution to the Company and wishes him well for his future endeavours.

Simon Carr is a highly experienced individual with over 45 years' experience in the construction industry, having sat on the board of both private and public companies. He was notably recognised in the 2020 Queen's Birthday Honours List, receiving a CBE for services to the construction industry and charity.

Simon sits on the board of trustees at Beverly Minister Old Fund and is the chair of the board of Road Link (A69) Limited and Road Link (A69) Holdings Limited (both companies that Henry Boot Plc hold a majority shareholding in). He is also the Independent Company Secretary and past national chair of the National Federation of Builders.

Simon was previously the Managing Director of Henry Boot Construction Limited and sat on the Executive Committee of Henry Boot Plc. He was also a private-sector board member for the Sheffield City Region Local Enterprise Partnership Board for eight years, sitting on a number of associated public and private sector boards. Simon sat on the CBI Construction Council for six years and is a past president of the Yorkshire Builders Federation.

Further information on Simon Carr's appointment:

The following details in relation to the appointment of Simon Carr are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

Simon Alexander Carr (aged 65) has held the following directorships and/or partnerships in the past five years.

Simon Carr was a director of Starfish Commercial Limited, a subsidiary of Henry Boot Construction Limited, when it entered creditors' voluntary liquidation following the impact of COVID-19 on 22 September 2020 with insolvency proceedings ongoing. As of 17 November 2023, the liquidators anticipate secured preferential and preferential creditors to be paid in full, the dividend to unsecured creditors remains to be determined with insolvency proceedings ongoing.

Simon Carr was a non-executive director of Wildgoose Construction Limited when it was placed into administration on 2 November 2021, later being placed into creditors' voluntary liquidation on 3 November 2022 with proceedings ongoing. As of 12 December 2023, full distribution for the secured and ordinary preferential creditors have been paid, with amounts payable to HMRC and unsecured creditors to be determined with insolvency proceedings ongoing.

There is no further information to be disclosed in relation to Simon Carr's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

For further information, please contact:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.