Trading Update

News Release Issue Date: 16 December 2014 Redde plc (`Redde' or `Group') Trading Update Current Trading As the Group approaches the end of the first half of its financial year, theRedde Board is pleased to announce that the Group's strong start to the yearthat we referred to in our announcements in September and October has continuedthrough into December with strong trading volumes supporting a significantincrease on our expectations. Trading profits for the six months to 31 December2014 are now expected to be materially ahead of our earlier expectations andsignificantly ahead of the corresponding period last year. Cash generation has continued to be strong and after payment of the finaldividend in respect of 2014 on 6 November 2014, which amounted to £9.8 million,net cash was £39.7 million at 30 November 2014. This compares to net cash of£41.6 million at 30 June 2014. Total cash balances were £60.9 million at 30November 2014 compared to £58.3 million at 30 June 2014, and represent anincrease for the 5 months of £12.4 million (adjusting for the final dividendpaid of £9.8 million). Results for the 6 months to 31 December 2014 and Interim Dividend The Board expects to announce the results for the 6 months to 31 December 2014at the end of February 2015. Based upon trading to date the Board would expect to declare an interimdividend at that time of not less than 3.50 pence per share. This would compareto 3.35 pence per share paid by way of 3 interim dividends in respect of thefinancial year ended 30 June 2014. As previously announced, the Group is currently pursuing a full distributionpolicy and the amount of any final dividend (and therefore the dividend for theyear as a whole) will be dependent upon the level of total profits earned inthe financial year ending 30 June 2015. Commenting on the announcement, Martin Ward, Chief Executive Officer said: "The benefits of our strategy for growth, sustainable profits and cash arebeing demonstrated in our strong trading results. This goes to support asignificant dividend return to our shareholders. We see further opportunity togrow the business both organically and through M&A investment. Based on currenttrading we remain confident about our outlook." Ends For further information, contact: Redde plc Tel: 01225 321134Martin Ward, Chief Executive OfficerStephen Oakley, Chief Financial Officer Cenkos Securities plc(Nominated Adviser and Joint Broker) Tel: 0207 397 8925Ian SoanesMax Hartley N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000Jonny Franklin-AdamsAlex Wright Square1 Consulting Tel: 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. InFebruary 2014 the Group acquired the NewLaw group of companies, primarily basedin Cardiff and Bristol, and the Group's activities now encompass a range oflegal services designed to assist claimant parties in partnership with leadinginsurance 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 is associated, in Latin, with the concept of restoration.