Director/PDMR Shareholding

Redrow plc

DIRECTORS'/PDMR'S SHAREHOLDINGS

Redrow plc ("Redrow") announces that on 08 September 2014 it granted nil-cost options over the following number of ordinary shares of 10p each in Redrow under the Rules of the Company's Deferred Bonus Plan and under the Long-Term Share Incentive Plan (by reference to a price of 285.0p per share, being the three day trading average share price following Redrow's Prelims Announcement) in respect of the following. No consideration is payable for the grant of such nil-cost options.

Deferred Bonus Plan

J F TUTTE 71,053

B M RICHMOND 47,719

G A COPE 38,947

M J PRATT 39,853

K J PARRETT 38,709

Long-Term Share Incentive Plan

J F TUTTE 189,474

B M RICHMOND 107,018

G A COPE 80,702

Redrow further announces that on 08 September 2014 it granted nil-cost cash options to S P Morgan under Schedule 1 to the Rules of the Long-Term Share Incentive Plan and Schedule 1 of the Rules to the Deferred Bonus Plan over respectively 162,015 and 78,246 phantom shares in Redrow (by reference to a share price of 285.0p as described above). No consideration is payable for the grant of such nil-cost cash options.