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18 June 2014

It has come to our attention that one or a number of overseas firms have contacted certain individual shareholders of Northacre concerning a proposed offer for their shares which may be false. The shareholder may be told that this is in respect of a takeover bid. Requests are made to shareholders for them to provide certain personal information, shareholding proof, and/or send funds to an escrow account in order to proceed.

Northacre believe that this contact may be an example of advance fee fraud and/or recovery room fraud. The Financial Services Authority ("FSA") has warned that it is increasingly common for shareholders to receive unsolicited phone calls or correspondence concerning investment matters. These are typically from overseas based brokers who target UK shareholders. Shareholders are advised to be very wary of any unsolicited advice, offers to transact in shares or offers of free reports into our Company.

Any firm soliciting investments from private individuals in the UK needs to be authorised by the FSA to carry out investment business. The FSA maintains a register of authorised firms on www.fsa.gov.uk/fsaregister.

If, after having checked the FSA website, you are in any doubt as to the action you should take or the legitimacy of any such offer or the request for information, Northacre advises that you should immediately seek your own independent financial advice from your stockbroker, solicitor, accountant or other appropriate independent financial adviser duly authorised under the Financial Services and Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser. You may also contact, if you so wish, the FSA in the United Kingdom.

Enquiries:

Northacre PLC
Klas Nilsson (Non-Executive Chairman)
Niccolò Barattieri di San Pietro (Chief Executive Officer)
Tel: 020 7349 8000

finnCap Ltd
Stuart Andrews
Henrik Persson
Tel: 020 7220 0500

Company Information Nominated Advisor & Broker:

finnCap Ltd
60 New Broad Street
London EC2M 1JJ
(T) 020 7220 0500

Solicitors:

Berwin Leighton Paisner LLP
Adelaide House
London Bridge
London EC4R 9HA
(T) 020 3400 1000

Kingston Smith LLP
Devonshire House
60 Goswell Street
London EC1M 7AD
(T) 020 7566 4000

Capita Registrars
The Registry
34 Beckenham Road
Beckenham, Kent BR3 4TU
(T) 0871 664 0300
(F) 0148 460 1512

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