Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying REDDE PLCissuerof existing shares to which voting rights areattached: 2. Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which mayresult in the acquisition of shares already issued to which voting rights areattached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights Other (pleasespecify): 3. Full name of person(s) subject to Woodford Investment Management LLPthe ("Woodford")notification obligation: 4. Full name of shareholder(s) Clients of Woodford(if different from 3.): 5. Date of the transaction and date on 27 April 2015which the threshold is crossed orreached: 6. Date on which issuer notified: 28 April 2015 7. Threshold(s) that is/are crossed or 16%reached: 8. Notified details: A: Voting rights attached to shares Class/type Situation previous Resulting situation after the triggeringof to the triggering transactionshares transaction if possible Number Number Number Number of voting % of votingusing of of of shares rights rightsthe ISIN Shares VotingCODE Rights Direct Direct Indirect Direct Indirect GB00BLWFOR63 44,610,865 44,610,865 46,615,332 46,615,332 16.4% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument Conversion Period rights that may be rights date acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting rights % of voting financial price date Conversion instrument refers to rights instrument period Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 46,615,332 16.4% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Woodford Investment Management LLP as Investment Manager Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder willceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: 13. Additional information: 14. Contact name: Nick Tilley 15. Contact telephone number: 01225 321207