Trading Update

• News Release • Redde plc Issue Date: 27 April 2015 Trading Update Continued growth leads to current trading exceedingexpectations The Board of Redde plc (`Company' or `Group') is pleased to announce that theencouraging start to the second half of the Company's financial year hascontinued with strong trading volumes for the third quarter of the financialyear leading to operating profits exceeding the Board's expectations. Cash collections during the period since 31 December 2014 have continued to bestrong and, as a consequence, statutory debtor days at 31 March 2015 werereduced to a new record 104 days compared to 108 days at 31 December 2014 and116 days at 31 March 2014, and further reductions are expected. Total cash balances at 31 March 2015 were £62.8 million compared to £63.2million at 31 December 2014 and £48.8 million at 31 March 2014. Net cashbalances (net of fleet financing) were £36.0 million at 31 March 2015 comparedto £38.1 million at 31 December 2014 and £32.9 million at 31 March 2014. TheCompany has also paid an interim dividend of 4.00 pence per share totalling £11.3 million in the three months to 31 March 2015. For further information contact: Redde plc Tel: 01225 321134Martin Ward, Chief Executive OfficerStephen Oakley, Chief Financial Officer Cenkos Securities plc (Nominated Adviser and Joint Tel: 0207 397 8925 Broker)Ian SoanesMax Hartley N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000Alex 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 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.