Pre-close Statement and Appointment of Joint Broker

Redde plc (`Group') Pre Close Statement and Appointment of Joint Broker Redde plc announces an update on current trading as we enter a close period inrespect of the year to 30 June 2014. Current Trading Further to our announcement on 1 May 2014, trading results for the finalquarter continued the positive trend shown in the first 9 months of the yearand indications are that the operating results before exceptional costs for thefinancial year ended 30 June 2014 are likely to exceed the upper end of marketexpectations. Cash generation has continued to be positive and debtor days within thehistorical Helphire operations were at a new record low, having been reduced to122 days at 31 May 2014. Including the NewLaw group of companies the combinedstatutory debtor days of the Group at 31 May 2014 were 112 days based upon thepast 12 months turnover of the combined group. Further reductions are expectedas the effects of our protocol agreements with insurers extend further throughour business. Net cash balances (net of fleet financing) were approximately £37.9 million at31 May 2014 (£13.1 million excluding the residual net proceeds of the December2013 share placing) compared to £33.0 million at 31 March 2014 (£8.7 millionexcluding the residual net proceeds of the December 2013 share placing) and £1.1 million at 30 June 2013. The Group has also paid net dividends totalling £8.5 million in the year since 30 June 2013. Appointment of Joint Broker The Group is pleased to announce the appointment of N+1 Singer Advisory LLP asJoint Stockbroker to the Group with effect from today. Cenkos Securities plccontinues as Nominated Adviser and Joint Stockbroker to the Group. For further information, contact: Redde plc 01225 321134Martin 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 3000Jonny Franklin-AdamsAlex Wright Square1 Consulting 0207 929 5599David BickMark Longson