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 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 X Other (pleasespecify): 3. Full name of person(s) subject to the Woodford Investment Management LLPnotification obligation: ("Woodford") 4. Full name of shareholder(s) Clients of Woodford(if different from 3.): 5. Date of the transaction and date on 14th January 2015which the threshold is crossed orreached: 6. Date on which issuer notified: 15th January 2015 7. Threshold(s) that is/are crossed or 13%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 35,922,062 35,922,062 36,972,062 36,972,062 13.14% 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 FinancialInstruments 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 36,972,062 13.14% 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: N Tilley 15. Contact telephone number: 01225 321207