01 May 2015

                                   Reddeplc

                          ("Redde" or the "Company")

                    Issue of Deferred Consideration Shares

Redde announces that it intends to issue and allot up to 4,332,646 ordinary
shares of 0.1 pence each (the "New Ordinary Shares") at a price of £1.18989 per
share to satisfy the final deferred consideration payment relating to the
acquisition of the NewLaw group of companies in February 2014.

A total of 3,544,822 of the New Ordinary Shares will be subject to a lock in
arrangement for a period of 12 months from the date of their admission to
trading on AIM. The New Ordinary Shares will, subject to certain conditions, be
issued in up to 9 instalments as follows:

          Number of New Ordinary Shares             Date of Issue and Allotment

                                480,924                           30 April 2015

                                480,924                             29 May 2015

                                480,924                            30 June 2015

                                480,924                            31 July 2015

                                480,924                          31 August 2015

                                480,924                       30 September 2015

                                480,923                         30 October 2015

                                480,923                        30 November 2015

                                485,256                        31 December 2015

                              4,332,646

The New Ordinary Shares, when issued, will rank pari passu with the existing
ordinary shares of the Company. Application has been made to the London Stock
Exchange for the admission of 480,924 New Ordinary Shares to trading on AIM,
which is expected to occur on 7 May 2015 ("Admission") to satisfy the first
instalment as set out above.

Following Admission, the Company shall have 284,186,223 ordinary shares of 0.1
pence each in issue, each with voting rights, which figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules. No shares are
held in treasury.

For further information, contact:

Redde plc                                                    01225 304501
Martin Ward, Chief Executive Officer
Stephen Oakley, Chief Financial Officer

Cenkos Securities plc (Nominated Adviser and Joint Broker)  0207 397 8900
Ian Soanes
Max Hartley

N+1 Singer (Joint Broker)                                   0207 496 3000
Alex Wright

Square1 Consulting                                          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 and the
Group's activities also encompasses 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.