Issue of Deferred Consideration Shares

01 May 2015 Reddeplc ("Redde" or the "Company") Issue of Deferred Consideration Shares Redde announces that it intends to issue and allot up to 4,332,646 ordinaryshares of 0.1 pence each (the "New Ordinary Shares") at a price of £1.18989 pershare to satisfy the final deferred consideration payment relating to theacquisition of the NewLaw group of companies in February 2014. A total of 3,544,822 of the New Ordinary Shares will be subject to a lock inarrangement for a period of 12 months from the date of their admission totrading on AIM. The New Ordinary Shares will, subject to certain conditions, beissued in up to 9 instalments as follows: Number of New Ordinary Shares Date of Issue and Allotment 480,924 30 April 2015 480,924 29 May 2015 480,924 30 June 2015 480,924 31 July 2015 480,924 31 August 2015 480,924 30 September 2015 480,923 30 October 2015 480,923 30 November 2015 485,256 31 December 2015 4,332,646 The New Ordinary Shares, when issued, will rank pari passu with the existingordinary shares of the Company. Application has been made to the London StockExchange for the admission of 480,924 New Ordinary Shares to trading on AIM,which is expected to occur on 7 May 2015 ("Admission") to satisfy the firstinstalment as set out above. Following Admission, the Company shall have 284,186,223 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: Redde plc 01225 304501Martin Ward, Chief Executive OfficerStephen Oakley, Chief Financial Officer Cenkos Securities plc (Nominated Adviser and Joint Broker) 0207 397 8900Ian SoanesMax Hartley N+1 Singer (Joint Broker) 0207 496 3000Alex Wright Square1 Consulting 0207 929 5599David BickMark Longson Notes for Editors: About Redde plc: Founded in 1992 and working predominantly with insurance companies, insurancebrokers and prestige motor dealerships, the Group provides a range of accidentmanagement and legal services. The Group also deals directly with largenational fleets providing incident management and mobility continuity and theGroup's activities also encompasses a range of legal services designed toassist claimant parties in partnership with leading insurance companies,brokers and other bodies. The Redde group of companies is one of the market leaders in its fields ofbusiness; it delivered accident management solutions to over 115,000 motoristsin 2014, ensuring that they remained mobile until their own vehicles wererepaired or until they were put in a position to obtain a replacement and itprovides legal services to over 30,000 claimants a year, ensuring they areproperly compensated for their injuries and losses. The name Redde isassociated, in Latin, with the concept of restoration.