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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                                               Yes

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

Other (please
specify):

3. Full name of person(s) subject to      Artemis Investment Management LLP on behalf
the                                           of discretionary funds under management
notification obligation:

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

5. Date of the transaction and date on                                  17 April 2015
which the threshold is crossed or
reached:

6. Date on which issuer notified:                                       24 April 2015

7. Threshold(s) that is/are crossed or                                             5%
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


GB00BLWF0R63 14,226,148 14,226,148  11,681,740    11,681,740     498,855  4.12%       0.18%

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

12,180,595                                  4.29%

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

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:                      Nick Tilley

15. Contact telephone number:          01225 321207

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