1 December 2015

                                       Redde plc                                   

                              ("Redde" or the "Company")                           

                        Issue of Deferred Consideration Shares                     

    On 30 November Redde issued 480,923 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 eighth 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 4
    December 2015 ("Admission").

    Following Admission, the Company shall have 292,356,018 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

    Brian Alexander