Exercise of options, warrants, Dir dealing and TVR

red24 plc ("red24" or "the Group")

Exercise of options, warrants, Director dealing and TVR

red24 plc has been notified by EMIS International Business Limited ("EMIS") that they wish to exercise warrants to subscribe for 1,000,000 ordinary shares at 4p each. Following this exercise, EMIS now has an interest in 8,128,568 ordinary shares representing approximately 17.21 per cent. of the enlarged issued share capital of the Company.

In addition, the Company has been notified by certain loan note holders that they wish to exercise warrants to subscribe for 600,000 ordinary shares at 5p each.

Following these notifications, Sidebell Limited ("Sidebell"), in which Simon Richards, Chairman, has an interest, has today notified the Company that it wishes to exercise warrants to subscribe for 750,000 ordinary shares at 5p each. Sidebell continues to hold warrants to subscribe for 1,150,000 ordinary shares exerciseable at 5p at any time until 30 September 2010.

Furthermore, the Company is pleased to announce that all of the Loan Notes to the value of £125,000 outstanding at 31st March 2010 were repaid in full at that date.

Following exercise of the warrants outlined above, Sidebell will have an interest in 12,659,250 ordinary shares representing approximately 26.80 per cent. of the enlarged issued share capital of the Company and Simon Richards will have an interest in 13,739,250 ordinary shares (including Sidebell's interest) representing approximately 29.08 per cent. of the enlarged issued ordinary share capital of the Company.

Simon Richards, Chairman, commented "we are pleased that various optionholders and warrantholders continue to support the red24 story. Trading continues to be in line with market expectations and will benefit from the strengthening of the balance sheet".

Application has been made to the London Stock Exchange for admission of the 2,350,000 new ordinary shares to be admitted to trading on AIM. Admission is expected to occur on Thursday 8th April 2010.

For the purposes of the Disclosure and Transparency Rules, red24's total issued share capital following the issue of these shares consists of 47,241,083 ordinary shares of 1 penny each.

The above figure may be used by shareholders 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, red24, under the Disclosure and Transparency Rules.

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