TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying                                    REDDE PLC
issuer
of existing shares to which voting rights are
attached:

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights are
attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights                                            X

Other (please
specify):

3. Full name of person(s) subject to the            Woodford Investment Management LLP
notification obligation:                                                  ("Woodford")

4. Full name of shareholder(s)                                     Clients of Woodford
(if different from 3.):

5. Date of the transaction and date on                               14th January 2015
which the threshold is crossed or
reached:

6. Date on which issuer notified:                                    15th January 2015

7. Threshold(s) that is/are crossed or                                             13%
reached:

8. Notified details:

A: Voting rights attached to shares

Class/type   Situation previous     Resulting situation after the triggering
of           to the triggering      transaction
shares       transaction


if possible  Number     Number      Number         Number of voting        % of voting
using        of         of          of shares      rights                  rights
the ISIN     Shares     Voting
CODE                    Rights
                                      Direct         Direct       Indirect  Direct     Indirect


GB00BLWFOR63 35,922,062 35,922,062  36,972,062     36,972,062              13.14%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial  Expiration Exercise/                     Number of voting         % of voting
instrument                  Conversion Period             rights that may be       rights
                   date                                   acquired if the
                                                          instrument is
                                                          exercised/
                                                          converted.

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

   Type of     Exercise Expiration   Exercise/      Number of voting rights        % of voting
  financial     price    date     Conversion       instrument refers to            rights
  instrument                        period

                                                                               Nominal     Delta

Total (A+B+C)

          Number of voting rights                   Percentage of voting rights

36,972,062                                   13.14%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Woodford Investment Management LLP as Investment Manager

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will
cease
to hold:

12. Date on which proxy holder will cease to hold
voting rights:

13. Additional information:

14. Contact name:                      N Tilley

15. Contact telephone number:          01225 321207