News Release

Issue Date: 24 October 2018

Redde plc
('Group’)

AGM Statement and Dividend

At today’s AGM, Avril Palmer-Baunack, chairman of Redde plc will be making the following statement regarding dividends and by way of an update on current trading of the business in respect of the period from 1 July to 23 October 2018. Unless otherwise stated, the financial and operational data, where identified, relates to the 3 month period that ended on 30 September 2018.

Dividends

Shareholders are being asked today to approve a final dividend of 6.15 pence per share, amounting to £18.8m which, if approved, will be paid on Thursday 8 November 2018 to those shareholders who were on the register at the close of business on Friday 5 October 2018. This dividend, if approved, will result in total Ordinary Dividends in respect of the year ended 30 June 2018 amounting to 11.65 pence per share totalling £35.5m in aggregate and will result in the payment of our fourteenth consecutive dividend since June 2013. Payments since that date will amount to £140.4m representing 49.65p per share.

Current Trading

The positive start to the new financial year, which I described in my statement of 5 September 2018, has continued since that date. Sales show an increase over the corresponding period last year reflecting growth in trading volumes and, as a consequence, trading profits are ahead of the corresponding period last year. Early indications are that this trend has continued during October and the Board continues to regard the outlook for the financial year as positive.

Enquiries
Redde plc
Martin Ward – Chief Executive Officer
Steve Oakley – Chief Financial Officer
Tel: 01225 321134
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Mark Connelly
Harry Hargreaves
Tel: 0207 397 8900
N+1 Singer Capital Markets Limited (Joint Broker)
Mark Taylor
Tel: 0207 496 3000
Square1 Consulting
David Bick
Tel: 0207 929 5599

Notes for editors:

About Redde plc:

Founded in 1992 and working predominantly with insurance companies, insurance brokers, prestige motor dealerships, and large national fleet owners the Group provides a range of accident management, incident management and legal services.

The Group is one of the market leaders in its fields of business; it delivers accident management solutions to motorists ensuring that they remain mobile until their own vehicles are repaired or until they are put in a position to obtain a replacement and it provides legal services ensuring that they are properly compensated for their injuries and losses. Legal services also include wills and probate, family law, clinical negligence and employer and public liability law advice.

The name Redde is associated, in Latin, with the concept of restoration.

**Ends**