REDT.L Regulatory News (REDT)

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Red24 Plc

2. Reason for notification (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

X

Other (please specify):______________

3. Full name of person(s) subject to notification obligation:

Barclays PLC

4. Full name of shareholder(s) (if different from 3):

Barclays Stockbrokers Ltd

5. Date of transaction and date on which the threshold is crossed or reached:

27-May-08

6. Date on which issuer notified:

28-May-08

7. Threshold(s) that is/are crossed or reached:

6% to 5%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

GB00B297TG43

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

2,083,707

Number of voting rights

2,083,707

Number of shares

2,251,950

Number of voting rights

Percentage of voting rights

Direct

0

Indirect

2,251,950

Direct

0.00

Indirect

5.19%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

Total (A+B)

Number of voting rights

Percentage of voting rights

2,251,950

5.19%

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

Barclays Stockbrokers Ltd

Proxy Voting:

10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Contact name:

Geoff Smith

14. Contact telephone name:

020 7116 2913