Joint Venture with Norwich Union on Office Park

Redrow Group PLC 19 January 2000 REDROW COMMERCIAL ENTERS INTO JOINT VENTURE WITH NORWICH UNION ON WINDSOR OFFICE PARK Redrow Group plc is pleased to announce that Redrow Commercial has entered into a 50:50 joint venture with Norwich Union to develop 12,500 square metres (134,900 square feet) of prime office accommodation on Windsor Office Park, Maidenhead Road, Windsor. The site had been acquired by Redrow in September 1999 and the completed development will have an estimated value of over £50 million. Building work on the site commenced in November 1999 and completion of the two three storey buildings is expected during 2001. For further information contact:- Paul Pedley, Chief Executive Redrow Group plc Stephen Breslin/Claire de Sousa Bunswick Group plc 0171 404 5959

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