New Operations

Redrow Group PLC 13 June 2000 REDROW GROUP ANNOUNCES NEW OPERATIONS Redrow Group plc is opening a new office for Redrow Homes in South Wales and introducing Harwood Homes to Yorkshire. In addition, the Group is officially opening its new office in London and is relocating Redrow Commercial to Manchester. The Group has significantly increased its activities in South Wales in recent years. The new office for Redrow Homes in Cardiff will enable the Group to build on this whilst the existing Bristol office will focus on its successful expansion in the South West of England. The impressive growth record of Harwood Homes continues with a new operation in Yorkshire expanding the Harwood brand to four geographical areas. The Group will offer a product range through Redrow and Harwood to meet the needs of the market in this region. Redrow Homes in central London is being officially launched demonstrating the commitment to this important market. The latest development in Docklands, Odyssey, an £85 million scheme of 419 apartments is due for sales release in the near future. The importance of mixed use developments is recognised and Redrow Commercial is relocating to central Manchester. This is one of the UK's leading commercial property markets and will provide the opportunity to establish closer links to agents and other professionals in the sector. Paul Pedley, Chief Executive, comments 'The Redrow Group has achieved a 21 per cent compound growth rate in pre-tax profits in its first five years as a public company. These expansion plans together with development of existing operations should provide for continued progress in the coming years'. For further enquiries please contact:- Neil Fitzsimmons - Tel: 01244 520044 Finance Director

Companies

Redrow (RDW)
UK 100

Latest directors dealings