03 August 2015

                                       Redde plc                                   

                              ("Redde" or the "Company")                           

                        Issue of Deferred Consideration Shares                     

    On 31 July Redde issued 480,924 ordinary shares of 0.1 pence each (the "New
    Ordinary Shares") on the terms set out in the announcement of 1 May 2015 to
    satisfy the fourth instalment (of nine) of the final deferred consideration
    payment relating to the acquisition of the NewLaw group of companies.

    Application has been made to the London Stock Exchange for the admission to
    trading on AIM of the New Ordinary Shares, which is expected to occur on 6
    August 2015 ("Admission").

    Following Admission, the Company shall have 285,871,153 ordinary shares of 0.1
    pence each in issue, each with voting rights, which figure may be used by
    shareholders in the Company as the denominator for the calculations by which
    they will determine if they are required to notify their interest in, or a
    change to their interest in, the share capital of the Company under the
    Financial Conduct Authority's Disclosure and Transparency Rules. No shares are
    held in treasury.      

    For further information, contact:

    Redde plc                                                      01225 321134
    Martin Ward, Chief Executive Officer
    Stephen Oakley, Chief Financial Officer

    Cenkos Securities plc (Nominated Adviser and Joint Broker)     0207 397 8900
    Ian Soanes
    Liz Bowman

    N+1 Singer (Joint Broker)                                       0207 496 3000
    Nic Hellyer
    Alex Wright

    Square1 Consulting                                   0207 929 5599
    David Bick
    Mark Longson