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Holding(s) in Company

Released 11:36 06-Jun-2014

Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                                                    
                                                                                                  
1. Identity of the issuer or the underlying                    REDDE PLC                          
issuer                                                                                            
of existing shares to which voting rights are                                                     
attached:                                                                                         
                                                                                                  
2 Reason for the notification (please tick the appropriate box or boxes):                         
                                                                                                  
An acquisition or disposal of voting rights                                                       
                                                                                                  
An acquisition or disposal of qualifying financial instruments which may                          
result in the acquisition of shares already issued to which voting rights are                     
attached                                                                                          
                                                                                                  
An acquisition or disposal of instruments with similar economic effect to             X      
qualifying financial instruments                                                                  
                                                                                                  
An event changing the breakdown of voting rights                                                  
                                                                                                  
Other (please    Capital Reorganisation - Holdings update                                         
specify):                                                                                         
                                                                                                  
3. Full name of person(s) subject to        Moore Europe Capital Management, LLP                  
the                                                                                               
notification obligation:                                                                          
                                                                                                  
4. Full name of shareholder(s)                          RH Moore, LP                              
(if different from 3.):                                                                           
                                                                                                  
5. Date of the transaction and date on                   4 June 2014                              
which the threshold is crossed or                                                                 
reached:                                                                                          
                                                                                                  
6. Date on which issuer notified:                        5 June 2014                              
                                                                                                  
7. Threshold(s) that is/are crossed or                    Below 7%                                
reached:                                                                                          
                                                                                                  
8. Notified details:                                                                              
                                                                                                  
A: Voting rights attached to shares                                                               
                                                                                                  
Class/type   Situation previous     Resulting situation after the triggering                      
of           to the triggering      transaction                                                   
shares       transaction                                                                          
                                                                                                  
                                                                                                  
if possible  Number     Number      Number        Number of voting        % of voting             
using        of         of          of shares     rights                  rights                  
the ISIN     Shares     Voting                                                                    
CODE                    Rights                                                                    
                                      Direct        Direct       Indirect  Direct     Indirect    
                                                                                                  
                                                                                                  
GB00BLWF0R63 18,105,349 18,105,349  18,105,349    18,105,349       N/A     6.64%        N/A       
                                                          
                                        
B: Qualifying Financial Instruments                                                               
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
Type of financial  Expiration Exercise/                    Number of voting         % of voting     
instrument                  Conversion Period            rights that may be       rights          
                   date                                  acquired if the                          
                                                         instrument is                            
                                                         exercised/                               
                                                         converted.                               
                                          
                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial                     
Instruments                                                                                       
                                                                                                  
Resulting situation after the triggering transaction                                              
                                                                                                  
   Type of     Exercise Expiration   Exercise/     Number of voting rights        % of voting        
  financial     price    date    Conversion       instrument refers to            rights          
  instrument                       period                                                         
                                                                                                  
                                                                              Nominal      Delta  
            
                                                                                      
Total (A+B+C)                                                                                     
                                                                                                  
         Number of voting rights                   Percentage of voting rights                    
                                                                                                  
                18,105,349                                    6.64%                               


9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable:                     
             

                                                                  
Proxy Voting:                                                                  
                                                                               
10. Name of the proxy holder:                                  N/A             
                                                                               
11. Number of voting rights proxy holder will                  N/A             
cease                                                                          
to hold:                                                                       
                                                                               
12. Date on which proxy holder will cease to hold              N/A             
voting rights:                                                                 
                                                                               
13. Additional information:            The percentage number of voting rights  
                                       held by RH Moore LP has been calculated 
                                       using the total voting rights figure of 
                                       272,663,740                             
                                                                               
14. Contact name:                      N Tilley                                
                                                                               
15. Contact telephone number:          01225 321207

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