REDDE PLC - Additional Block Admission

25^th July 2018

Redde plc
(“Redde” or the "Company")

Additional Block Admission

The Company notifies that application has been made to the London Stock Exchange for a block admission to trading on AIM of 3,000,000 ordinary shares of 0.1 pence each (“New Ordinary Shares”), and admission is expected to occur at 8.00 a.m. on 31^st July 2018. The New Ordinary Shares will be issued from time to time pursuant to the exercise of options under the Redde 2016 PSP Scheme and will rank pari passu in all respects with the existing ordinary shares of the Company.

There is no change to the Company’s issued share capital as a result of the block admission application. As at today, the Company’s issued ordinary share capital comprises 303,986,757 ordinary shares of 0.1 pence each, 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 Guidance and Transparency Rules.

Enquiries:

Redde plc                                                                             

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

Cenkos Securities plc (Nominated Adviser and Joint Broker)         

Liz Bowman
Harry Hargreaves
0207 397 8900

N+1 Singer (Joint Broker)                                                                      

Mark Taylor
0207 496 3000

Square1 Consulting                                                                 

David Bick
0207 929 5599