Director’s shareholding: exercise of options

9 November 2015

REDDE PLC ("Company")

The Company received notification on 6 November  2015 that on 6 November Stephen Oakley:

1. exercised (at an exercise price of 7.5 pence per share) 230,344 options over the ordinary 0.01p shares in the Company ("Ordinary Shares") which he held under the Company's 2013 Executive Option Scheme ("Scheme"); and

2. sold (at a sale price of 180.75 pence per share) 130,398 Ordinary Shares, as permitted by the rules of the Scheme, to meet the sale expenses and the resulting tax and national insurance liabilities.

As a result of this transaction Stephen Oakley has (including family interests) a beneficial interest in 323,039 Ordinary Shares representing 0.11091% of the current Ordinary Shares in issue.

As at 9 November 2015, the Company's capital consisted of 291,255,260 Ordinary Shares and 10,410,910 `B' shares.

Only the Ordinary Shares have voting rights therefore the total number of voting rights in the Company is 291,255,260 which figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest, or a change to their interest, in the Company.

Nick Tilley
Company Secretary
01225 321217

9 November 2015