1 October 2015

Redde plc

(“Redde” or the "Company")

Issue of Deferred Consideration Shares

On 30 September Redde issued 480,924 ordinary shares of 0.1 pence each (the “New Ordinary Shares”) on the terms set out in the announcement of 1 May 2015 to satisfy the sixth instalment (of nine) of the final deferred consideration payment relating to the acquisition of the NewLaw group of companies.

Application has been made to the London Stock Exchange for the admission to trading on AIM of the New Ordinary Shares, which is expected to occur on 6 October 2015 (“Admission”).

Following Admission, the Company shall have 286,903,489 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 321134

Martin Ward, Chief Executive Officer

Stephen Oakley, Chief Financial Officer

Cenkos Securities plc (Nominated Adviser and Joint Broker)               0207 397 8900

Ian Soanes

Liz Bowman

N+1 Singer (Joint Broker)                                                                           0207 496 3000

Nic Hellyer

Alex Wright

Square1 Consulting                                                                                     0207 929 5599

David Bick

Mark Longson