NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

23 August 2024

REDROW PLC

DE-LISTING AND CANCELLATION OF TRADING OF REDROW SHARES

Further to the announcements made by Barratt Developments plc ("Barratt") and Redrow plc ("Redrow") on 20 August 2024 and 21 August 2024 regarding the sanction of the Scheme by the Court and the Scheme becoming Effective, Redrow today announces that, following an application on behalf of Redrow, the Financial Conduct Authority has cancelled the listing of Redrow Shares on the Official List maintained by the Financial Conduct Authority and the London Stock Exchange has cancelled the trading of Redrow Shares on the London Stock Exchange's main market for listed securities, in each case with effect from 8.00 a.m. today, 23 August 2024.

All references to times in this announcement are to London time, unless otherwise stated.

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the scheme document published on 19 April 2024 in relation to the recommended all-share offer for the combination of Barratt and Redrow, pursuant to which Barratt acquired the entire issued and to be issued ordinary share capital of Redrow (the "Combination"), which was effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme Document").

Full details of the Combination are set out in the Scheme Document, which is also available on Redrow's website at https://investors.redrowplc.co.uk/offer-for-redrow.

Enquiries

Slaughter and May is acting as legal adviser to Redrow.

Important Notices

Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Redrow and no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Redrow for providing the protections afforded to clients of Barclays nor for providing advice in relation to the subject matter of this announcement.

In accordance with the Takeover Code, normal United Kingdom market practice and Rule 14e-5(b) of the US Exchange Act, Barclays and its affiliates will continue to act as exempt principal trader in Redrow securities on the London Stock Exchange. These purchases and activities by exempt principal traders which are required to be made public in the United Kingdom pursuant to the Takeover Code will be reported to a Regulatory Information Service and will be available on the London Stock Exchange website at www.londonstockexchange.com. This information will also be publicly disclosed in the United States to the extent that such information is made public in the United Kingdom.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser and corporate broker to Redrow and for no one else in connection with the matters referred to in this announcement and will not be responsible to any person other than Redrow for providing the protections afforded to clients of Peel Hunt, nor for providing advice in relation to the matters referred to herein. Neither Peel Hunt nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Peel Hunt in connection with the matters referred to in this announcement, or otherwise.

Further information

This announcement is for information purposes only and is not intended to and does not constitute, or form part of, any offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in relation to the Combination or the Scheme or otherwise, in any jurisdiction in which such offer, invitation or solicitation is unlawful.

This announcement has been prepared for the purpose of complying with English law and the Takeover Code and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England and Wales. Nothing in this announcement should be relied on for any other purpose.

Publication on website

A copy of this announcement will be made available on Redrow's website at https://investors.redrowplc.co.uk/offer-for-redrow by no later than 12 noon (London time) on 27 August 2024. For the avoidance of doubt, the contents of those websites are not incorporated and do not form part of this announcement.

General

If you are in any doubt as to the contents of this announcement, you should consult your stockbroker, bank manager, solicitor, accountant or independent professional adviser who, if you are taking advice in the United Kingdom, is authorised pursuant to the Financial Services and Markets Act 2000 (as amended) or, if you are in a territory outside the United Kingdom, is an appropriately authorised financial adviser.

The International Securities Identification Number for Redrow Shares is GB00BG11K365.

Redrow plc LEI: 2138008WJZBBA7EYEL28