BRIEF-Damac says considering making higher counter bid for Northacre Plc

LONDON Fri Jan 18, 2013 12:37pm EST

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LONDON Jan 18 (Reuters) - Damac Invest Co: * Damac Invest Co - statement re possible offer * Notes the recommended mandatory cash offer by spadille limited ("

spadille") for Northacre PLC * Considering making counter offer for Northacre at level

higher than that currently being proposed by spadille * Northacre shareholders are urged not to take any action with

regard to the spadille offer until further notice * Currently owns 25.44% of the issued share capital of Northacre