Acquisition of Ten New Sites

Redrow Group PLC 3 March 2000 REDROW GROUP PLC ANNOUNCES ACQUISITION OF TEN NEW SITES AND PLANNING PERMISSION ON TWO SITES WITH A TOTAL DEVELOPMENT VALUE OF £210M. Redrow Group plc is pleased to announce that since the beginning of January 2000 its housing subsidiaries have acquired ten new development sites. These sites represent approximately 900 plots and have an estimated development value of £150m. Over 75% of the plots are on brownfield sites which is well in excess of Government's stated objective of 60%. The sites include a new development in London Dockland's at Winkley's Wharf on the Isle of Dogs. The new project is to be known as Odyssey and will include over 400 residential units as well as retail and leisure facilities. In addition to the ten sites acquired, two sites controlled under contract have now received planning permission. Redrow Homes (South East) has recently secured at appeal a planning consent for 46 residential properties set in 33 acres on the former Smith Kline Beecham site at Brockham Park, Betchworth in Surrey. This prestige development will include substantial detached properties and has an estimated sales value of around £25m. Redrow Homes (Northern) has received planning permission to develop 227 apartments and 9000 sq.ft. of retail space on a site at Whitworth Street in the centre of Manchester. This new build scheme has a development value of around £35m. For further information contact:- Neil Fitzsimmons, Finance Director Redrow Group plc Tel: 01244 520044 Stephen Breslin/Claire de Sousa Brunswick Group plc Tel: 0171 404 5959

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