Director’s shareholding: exercise of options

11 November 2015

REDDE PLC ("Company")

The Company received notification on 11 November  2015 that on 11 November Martin Ward:

1. exercised (at an exercise price of 7.25 pence per share) 460,688 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 175.50 pence per share) 261,046 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 Martin Ward has (including family interests) a beneficial interest in 704,109 Ordinary Shares representing 0.241% of the current Ordinary Shares in issue.

As at 11 November 2015, the Company's capital consisted of 291,779,606 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 291,779,606  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

11 November 2015