Trading Statement

• News Release • Helphire Group plc Issue Date: 1 May 2014 Trading Update Current trading exceeding expectations The Board of Helphire Group plc ('Helphire' or 'the Group') is pleased toannounce that the encouraging start to the second half of the Company'sfinancial year that we reported on 27 February 2014 has strengthened furtherand trading for the third quarter of the financial year has exceeded theBoard's expectations. Trading results for the New Law group of companies for March 2014, the firstmonth following completion of the acquisition on 28 February 2014, were alsohigher than internal expectations, giving the Board further cause forencouragement. This acquisition has been well received in our marketplace andhas given rise to a number of potential additional opportunities for the Groupto pursue. Cash collections during the period since 31 December 2013 have continued to bestrong and, as a consequence, statutory debtor days at 31 March 2014 in thehistorical Helphire businesses were reduced to 128 days compared to 135 at 31December 2013 and 140 at 31 March 2013, and further reductions are expected. Net cash balances (net of fleet financing) were £33.0 million at 31 March 2014(£8.7 million excluding the residual net proceeds of the December 2013 shareplacing). This compares with comparable net cash at 31 December 2013 of £62.0million (£4.4 million excluding the residual net proceeds of the December 2013share placing). The company has also paid net dividends totalling £4.2 millionin the three months to 31 March 2014. Commenting on the Group's thirdquarter trading, Martin Ward, Chief ExecutiveOfficer said: "The changes to the business model implemented over the last few years togetherwith our focus on operational excellence and quality, leading to a consistenthigh customer satisfaction rating, has underlined a strong performance that hasexceeded our own expectation. Our strategy is to grow and develop our positionin the insurance marketplace and to seek out opportunities to broaden ourservice offering. The acquisition of New Law in February this year is a majorstep to supporting our aims and we continue to press for further marketopportunities that enhance value whilst retaining a strong reputation fordelivering quality services." For further information, contact:Helphire Group plc 01225 321134Martin Ward, Chief Executive OfficerStephen Oakley, Chief Financial Officer Cenkos Securities plc 0207 397 8900Ian SoanesMax Hartley Square1 Consulting 020 79295599David BickMark Longson Notes to Editors: Helphire Group plc is a market leader in providing accident assistance tonon-fault motorists involved in road accidents. In partnership with theinsurance and motor industries, Helphire delivered accident managementsolutions, including vehicle replacement and legal representation, to over100,000 motorists in 2013, ensuring that they remain mobile until their ownvehicles are repaired or until they are put in a position to obtain areplacement. Following changes in the legislation that now enablesnon-solicitors to own law firms the Group now includes a number of legalpractices and the Group, which owns its own fleet of replacement vehicles, nowprovides a unique "one stop shop" providing comprehensive assistance to victimsof accidents covering both motor and other incidents. With effect from 23 May 2014, the Company's name will be changed to Redde plc.The new name, which is associated, in Latin, with the concept of restoration,more appropriately describes the Group's enlarged field of activities,strategic aims and wider business focus.