Disclaimer

This Microsite has been established following the possible offer announcement made by Bridgemere Securities Limited ("Bridgemere") and Toscafund Asset Management LLP ("Toscafund") / Penta Capital LLP ("Penta") on 31 August 2012 regarding Redrow plc (the "Announcement").

NOTE: ELECTRONIC VERSIONS OF THE MATERIAL YOU ARE SEEKING ACCESS TO ARE BEING MADE AVAILABLE ON THIS MICROSITE BY TOSCAFUND IN GOOD FAITH.

THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS LOCATED IN ANY JURISDICTION WHERE THE RELEVANT ACTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS AND REGULATIONS OF THAT JURISDICTION OR WOULD RESULT IN A REQUIREMENT TO COMPLY WITH ANY GOVERNMENTAL OR OTHER CONSENT OR ANY REGISTRATION, FILING OR OTHER FORMALITY WHICH TOSCAFUND REGARDS AS UNDULY ONEROUS ("Restricted Jurisdiction").

If you would like information relating to the Announcement please read this notice carefully - it applies to all persons who view this Microsite and, depending on where you live, it may affect your rights.

Basis of access

The information contained on this Microsite is made available in good faith and does not constitute an offer to sell or otherwise dispose of or an invitation or solicitation of any offer to purchase or subscribe for any securities in any jurisdiction in which such offer or solicitation is unlawful.

Please note that this notice may be altered or updated. You should read it in full each time you access the Microsite.

The information contained on this Microsite speaks only at the date of the relevant document or announcement reproduced on this Microsite, and Toscafund has, and accepts, no responsibility or duty to update any such information, document or announcement and reserves the right to add to, remove or amend any information reproduced on this Microsite at any time.

Overseas persons

The materials found on this Microsite contain information relating to the Announcement. Viewing this information may be unlawful if you are resident in a Restricted Jurisdiction. In certain jurisdictions, including Restricted Jurisdictions, only certain categories of persons may be allowed to view such materials. If you are not permitted, or if you are in any doubt as to whether you are permitted, to view the information, please exit this Microsite by clicking on the "I disagree" option. By choosing the "I agree" option, you represent that you are not a national of, or resident in, a Restricted Jurisdiction and that Toscafund is lawfully entitled to make the content of any communication or document relating to or produced following and in connection with the Announcement available to you under applicable securities laws. If you are unable to give this representation, do not view the content of any communication or document in relation to the offer.

Copies of the contents of the following pages (including documents posted thereon) are not being, and must not be, released or otherwise forwarded, distributed or sent, in whole or in part, in or into a Restricted Jurisdiction and persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from a Restricted Jurisdiction.

ACCEPTANCE OF DISCLAIMER

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By clicking on "Decline" below, you will not be able to proceed to the Microsite.