Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

REDROW PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

YES

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

NO

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

 NO

An event changing the breakdown of voting rights

 NO

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

AEGON UK Group of Companies

4. Full name of shareholder(s) (if different from 3.):

5. Date of the transaction and date on which the threshold is crossed or reached:

30 June 2010

6. Date on which issuer notified:

02 July 2010

7. Threshold(s) that is/are crossed or reached:

6% - 5%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct Xi

Indirect Xii

Direct

Indirect

GB0007282386

ORD 10p

17,479,389

17,479,389

16,316,281

16,316,281

1,845,314

5.28%

0.60%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Total (A+B+C)

Number of voting rights

Percentage of voting rights

18,161,595

5.88%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

AEGON UK Group of Companies - parent undertaking of:

AEGON Asset Management UK plc

AEGON Investment Management UK Ltd.

AEGON ICVC

Proxy Voting:

10. Name of the proxy holder:

AEGON UK Group of Companies

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Graham Cope

Group Company Secretary

Redrow plc

15. Contact telephone number:

01244 520044

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Contact address

(registered office for legal entities)

Phone number & email

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

AEGON UK Group of Companies consists of:

AEGON Asset Management UK plc

AEGON Investment Management UK Ltd

AEGON ICVC

Contact address

Miranda Beacham

AEGON Asset Management UK plc

AEGON House

3 Lochside Avenue

Edinburgh Park

Edinburgh

EH12 9SA

Tel: 0870 60 90 101

Email: [email protected]

Phone number & email

0131 549 3460

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Ian G Young

Company Secretary

0131 549 6398