WTG.L Regulatory News (WTG)

Embargoed until 7.00 am 28 June 2013

Quindell Portfolio Plc

("Quindell" or the "Group")

AGM Statement and Trading Update

Quindell Portfolio Plc (AIM: QPP.L), a leading provider of software, consulting and technology enabled outsourcing services to the insurance, telecommunications and other related markets, will make the following statement at its AGM to be held at 10.00am today:

Current Trading

The Group are pleased to report a continuation in the positive momentum enjoyed during the first three months of the financial year, with multiple significant new contract wins being achieved by both the Group's two divisions, with particularly strong growth in Legal Services.

Second quarter EBITDA is expected to be at least that of the first quarter, which was in excess of £25 million. Despite changes that came into effect on 1 April 2013 in relation to LASPO and the subsequent reduction in portal fees for legal services, Group margins are still ahead of Management's longer term guidance. Through a focussed approach to trade debtor management, cash collection continues to be according to plan.

The Management team is pleased to update that overall performance in relation to the key performance indicators - cash conversion, adjusted EBITDA and adjusted EPS - continues to remain in line with market expectations.

The Board anticipates providing a more detailed trading update prior to the Group's next investor teach-in regarding its Solutions Division, which takes place on 17 July 2013. The Group intends to announce its interim results for the six months to 30 June 2013 on 19 August 2013, this follows the third and final investor Services Division teach-in, which is scheduled for 14 August 2013.

Rob Terry, Founder and Executive Chairman Commented: "The Board are pleased with the performance of the Group in the second quarter. Quindell has secured a number of significant contracts which underlines the strength of the offering. The Group has a strong balance sheet, excellent debtor control, and more than sufficient funding to fund the growth plans of the management team."

For further information:

Notes to Editors:

About Quindell Portfolio Plc

Quindell Portfolio Plc is a provider of sector leading expertise in Software, Consulting and Technology Enabled Outsourcing in its key markets being Insurance, Telecommunications and their Related Sectors. Quindell joined the market through Mission Capital Plc on 17 May 2011. Quindell finished 2012 with run rate revenue of more than £300 million.

Our Industry Sectors

In today's digital world the line between traditional industry sectors continues to blur, however the focus on tight service management is common to them all. We believe that excellent customer service, tight cost control and integrated supply chain management is not the prerogative of any single industry sector and with our solutions in multiple industry sectors savings of over 20% against industry norms are being delivered to the bottom line.

Our Solutions

The pressures on an organisation can come simultaneously from multiple directions including the need to add customers, increase wallet share, reduce costs and improve customer satisfaction. At Quindell we have the People, the Processes and the Supply Chains, underpinned by our sophisticated Champion and Challenger Business Process Management Technology Platform and Industry Solutions to help our customers tackle these efficiently and effectively.

With a clear understanding that having the best products and services on offer is not always enough and that getting your customers to use or adopt them is key, effective conversion lies at the core of our unique Champion and Challenger tools and techniques. Using these solutions Quindell has helped its customers achieve sales and service conversion rates ranging from 75% to 90%, way above industry norms. But life does not stand still, and complacency can kill any business, so the embedded Champion and Challenger continual improvement focus of our Learning Solutions is at the heart of all we offer. Using our industry insight and expertise, Quindell takes the holistic view of our client's challenges.

For example, when considering the Insurance industry today where 50% of the cost of an auto claim is associated with Personal Injury, including legal services, medical reporting and rehabilitation, it is clear that an organisation will not be able to achieve the levels of savings and customer satisfaction desired without addressing the injury to the driver as well as the repair of the vehicle. This is why at Quindell we have designed our insurance solutions and supply chains to address the full end to end cycle, with the ability and expertise to treat an injured party as well as repairing their vehicle. This makes Quindell a truly unique and ethically based proposition for the insurance industry today.

Our Customers

Quindell Portfolio's companies have worked with over 2000 brands from Small to Medium Enterprises and Blue-chip organisations around the globe. Today we count a number of the world's top Insurance and Telecommunications blue chip companies within our client base, as well as hundreds of customer centric organisations working in both the distribution and supply of their services.

Our award winning Business Transformational, Software, Consulting and Outsourcing Solutions are recognised as delivering significant savings and additional sales to our customers every year.

For further information, please visit www.quindell.com