News Release

Issue Date: 16 December 2014

                        Redde plc (`Redde' or `Group')

                                Trading Update

Current Trading

As the Group approaches the end of the first half of its financial year, the
Redde Board is pleased to announce that the Group's strong start to the year
that we referred to in our announcements in September and October has continued
through into December with strong trading volumes supporting a significant
increase on our expectations. Trading profits for the six months to 31 December
2014 are now expected to be materially ahead of our earlier expectations and
significantly ahead of the corresponding period last year.

Cash generation has continued to be strong and after payment of the final
dividend in respect of 2014 on 6 November 2014, which amounted to £9.8 million,
net cash was £39.7 million at 30 November 2014. This compares to net cash of
£41.6 million at 30 June 2014. Total cash balances were £60.9 million at 30
November 2014 compared to £58.3 million at 30 June 2014, and represent an
increase for the 5 months of £12.4 million (adjusting for the final dividend
paid of £9.8 million).

Results for the 6 months to 31 December 2014 and Interim Dividend

The Board expects to announce the results for the 6 months to 31 December 2014
at the end of February 2015.

Based upon trading to date the Board would expect to declare an interim
dividend at that time of not less than 3.50 pence per share. This would compare
to 3.35 pence per share paid by way of 3 interim dividends in respect of the
financial year ended 30 June 2014.

As previously announced, the Group is currently pursuing a full distribution
policy and the amount of any final dividend (and therefore the dividend for the
year as a whole) will be dependent upon the level of total profits earned in
the financial year ending 30 June 2015.

Commenting on the announcement, Martin Ward, Chief Executive Officer said:

"The benefits of our strategy for growth, sustainable profits and cash are
being demonstrated in our strong trading results. This goes to support a
significant dividend return to our shareholders. We see further opportunity to
grow the business both organically and through M&A investment. Based on current
trading we remain confident about our outlook."

Ends

For further information, contact:

Redde plc                                              Tel: 01225 321134
Martin Ward, Chief Executive Officer
Stephen Oakley, Chief Financial Officer

Cenkos Securities plc
(Nominated Adviser and Joint Broker)                   Tel: 0207 397 8925
Ian Soanes
Max Hartley

N+1 Singer Capital Markets Limited (Joint Broker)      Tel: 0207 496 3000
Jonny Franklin-Adams
Alex Wright

Square1 Consulting                                     Tel: 0207 929 5599
David Bick
Mark Longson

Notes for Editors:

About Redde plc:

Founded in 1992 and working predominantly with insurance companies, insurance
brokers and prestige motor dealerships, the Group provides a range of accident
management and legal services. The Group also deals directly with large
national fleets providing incident management and mobility continuity. In
February 2014 the Group acquired the NewLaw group of companies, primarily based
in Cardiff and Bristol, and the Group's activities now encompass a range of
legal services designed to assist claimant parties in partnership with leading
insurance companies, brokers and other bodies.

The Redde group of companies is one of the market leaders in its fields of
business; it delivered accident management solutions to over 115,000 motorists
in 2014, ensuring that they remained mobile until their own vehicles were
repaired or until they were put in a position to obtain a replacement and it
provides legal services to over 30,000 claimants a year, ensuring they are
properly compensated for their injuries and losses.

The name Redde is associated, in Latin, with the concept of restoration.