Issue of Deferred Consideration Shares

31 July 2014 Reddeplc ("Company") Issue of Deferred Consideration Shares The Company announces that an application has been made to the London StockExchange for the admission of 8,425,860 ordinary shares of 0.1 pence each (the"New Ordinary Shares") to trading on AIM. The New Ordinary Shares will beissued at a price of 60.9 pence per share to satisfy the first tranche of theCompany's deferred consideration obligations relating to the acquisition of theNew Law group of companies as announced by the Company on 27 February 2014,subject to admission of the New Ordinary Shares to trading on AIM which isexpected to occur on 04 August 2014 ("Admission"). The New Ordinary Shares, when issued, will rank pari passu with the existingordinary shares of the Company. A total of 6,893,196 of the New Ordinary Shares to be issued are subject to alock in arrangement under normal terms for a period of 12 months from the dateof Admission and are also subject to the usual orderly marketing arrangementsfor a further 12 months thereafter. The remaining 1,532,664 New Ordinary Sharesare subject to the usual orderly marketing arrangements for 24 months from thedate of Admission. Following Admission, the Company shall have 281,089,600 ordinary shares of 0.1pence each in issue, each with voting rights, which figure may be used byshareholders in the Company as the denominator for the calculations by whichthey will determine if they are required to notify their interest in, or achange to their interest in, the share capital of the Company under theFinancial Conduct Authority's Disclosure and Transparency Rules. No shares areheld in treasury. For further information, contact: Reddeplc 01225 304501 Martin Ward, Chief Executive Officer Stephen Oakley, Chief Financial Officer Cenkos Securities plc (Nominated Adviser and Joint Broker) 020 7397 8900 Ian Soanes Max Hartley N+1 Singer (Joint Broker) 0207 496 3000 Jonny Franklin-Adams Alex Wright Square1 Consulting 020 7929 5599 David Bick

Mark Longson