5 January 2016

Redde plc

(“Redde” or the "Company")

Issue of Deferred Consideration Shares

On 30 December 2015 Redde issued 485,256 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 ninth and last instalment 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 8 January 2016 (“Admission”).

Following Admission, the Company shall have 293,284,482 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
Brian Alexander