Trading Update

RED24 PLC

(the "Group", "Company" or "red24")

Trading Update

red24, the crisis assistance company, has recently successfully completed its largest repatriation assignment to date, which resulted in the safe return home of a significant number of customers' employees from Africa to the Far East. The revenue generated should ensure that revenues for the first half year to 30 September 2014 are in line with those for that period last year.

In response to an internal review of its business operations, a major customer has notified the Company that it intends to make changes to the products that they offer to some or all of its mainland UK-based customers. Whilst its timing and extent is subject to ongoing discussion, the decision will impact on the Company's financial performance in the current financial year with the loss, depending on the outcome of these discussions, of up to approximately £500,000 of revenue and a corresponding loss of contribution to profit before tax of up to approximately £250,000. Looking forward, initiatives are being actively pursued to replace this revenue and the Company will also take other mitigating actions internally. Other areas of the business continue to trade in line with expectations.

The Board will provide further details on the above, its performance, and outlook, at the time of publication of its interim results in November 2014.

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About red24

Red24 is a crisis assistance company that provides a range of security and business support services, offering preventative and reactive advice to help organisations and individuals to avoid or manage security and business risks to themselves, their families and their businesses. Its products and services are distributed through leading international financial service companies.