Re: Conditions Waived for the Purchase of the Montpellier Property by Mach Group Inc.

MONTREAL, QUEBEC, Mar 31 (MARKET WIRE) --
Redex Inc. (the "Corporation") (TSX VENTURE: RDX)(FRANKFURT: W1F)
announces that Mach Group Inc. has waived all relevant conditions to the
purchase of the Montpellier property, except for the condition pursuant
to a confirmation of financing, which condition has been extended until
April 15th, 2008. The building is located at 755, Montpellier Boulevard,
borough of Saint-Laurent, City of Montreal and held by a wholly owned
subsidiary of the Corporation. Furthermore, the acquisition price is
revised at $19 000 000. The date of execution of the Purchase Agreement
is set for no later than May 19th, 2008.

This arm's length transaction is subject to usual approvals, including
the regulatory approvals, and brokerage fees of approximately $200,000
will be paid to Cushman Wakefield by the Corporation in connection with
the said transaction.

REDEX... Real estate at your service!

About Redex Inc.

In recent years, Redex had become a leader in real estate recovery and
restructuring. Turning its attention to the future, Redex is now
committed to becoming the leader in the art of converting residential
rental housing into co-ownerships. The common shares of the Company are
currently listed on the Toronto Venture Exchange (TSX VENTURE: RDX) and
the Frankfurt Stock Exchange (FRANKFURT: W1F).

You can visit the company's website at www.redex.ca

TSX Venture Exchange does not
accept responsibility for the adequacy or accuracy of this release.

Contacts:
Redex Inc.
Guy Descoteaux
Secretary and Chief Financial Officer
514-954-1551
m.descoteaux@redex.ca
www.redex.ca

Copyright 2008, Market Wire, All rights reserved.

-0-