WTG.L Regulatory News (WTG)

RNS Release Embargoed until 7.00 am 5 March 2012

Quindell Portfolio Plc

("Quindell" or the "Group")

MULTIPLE CONTRACT WINS AND

PROGRESS AGAINST KEY MILESTONES

Quindell Portfolio Plc (AIM: QPP.L), the brand extension company and a leading practice provider of consultancy, software and outsourcing in its key markets, is pleased to announce that as anticipated the Group has continued to sign new business with additional brands and affinity groups in the first quarter to date including one arrangement with a major UK energy supplier which had not been included within previous guidance.

The agreement reached with the major energy supplier enables the Group to offer consumer energy provision targeting up to 20% savings to both the previously announced significant buying group for consumer utility services and, in addition, to one of the UK's largest membership based organisations with circa 1.5 million members. Quindell intends to expand and develop the provision of services within various membership benefits schemes. Starting with a rollout this summer, this will enable the organisation to provide its members with what is expected to be the cheapest green energy supply currently available to consumers in the UK. Based upon the scheme's anticipated take up rates, the Group estimates that, when completed, this revenue stream could contribute up to £20 million of revenue over the next five years, and will reach significant volume levels by the last quarter of 2012.

The impact of these business-to-membership affinity relationships through which the Group will provide services to consumers had not been included in the Group's previous guidance and, therefore whilst the Group's core relationships that contracted this business will remain business-to-business relationships the Board expects that the proportion of future business relating to consumer related products will increase.The Group is also expanding into other consumer services (in support of major brands) including:

- Personal Injury related to Legal Services, leveraging the Group's planned acquisition of Silverbeck Rymer including medical reporting and associated rehabilitation services under a pre‑authorisation model provided by Mobile Doctors, the business acquired in December 2011.

- Access Appointments with doctors via a new 'See My Doctor' service due to be rolled out in the second quarter of this year, leveraging Mobile Doctors.

- Motor related consumer services to include car rental, vehicle service and non insurance claim related repair enabling the Group to gain further value from its recent 29.9% investment and partnership with Ai Claims Solutions PLC.

- ATelecoms offering incorporating fixed line and mobile telecoms services under a mobile virtual network operator arrangement will also be added in due course.

Some of these areas, once fully implemented will be as significant or greater than the current energy proposition. Further announcements will be made as appropriate in relation to our expansion of our offshore operations to cope with this anticipated significant increase in demand.

In relation to the Group's Software and Consulting division, and its largest telecoms implementations, the Group continues to pass all key milestones within its current sales cycles and active implementations. The Board consequently has additional confidence that significant licence revenue from these accounts will be achieved in the second half of 2012.

Rob Terry, Chairman and Chief Executive of Quindell said:

"Membership based organisations and any brand with a significant consumer contact base will be looking to take advantage of the changing market conditions that will result from current deregulation and use of alternative business structures. At the same time, we will be looking to broaden the types of service offerings that Quindell can provide organisations to enable members and the organisations themselves to profit in the process, whilst always taking a best practice approach to reducing costs for the market as a whole. These services are quick to implement and are fully backed by our established fulfilment service which means that they can be provided with little or no impact upon the brand or organisation promoting them.

The significant interest that we are seeing in brand extension and the balance sheet strength provided by the successful completion of our recent fundraising has led to the Board being increasingly confident of delivering significant organic revenue growth beyond previous expectations in the second half of 2012."

For further information:

Notes to Editors:

About Quindell Portfolio Plc

Quindell, the Brand Extension Company, helps its clients and partners to utilise their brands enabling them to achieve greater sales, provide better service and extend the brand into new product offerings and alternative routes to market.

The Group works with over 2,000 brands from SMEs to blue-chips around the globe, with solutions applying to the following Sectors & related Supply Chains:

·; Telecoms, Utilities, Retail & E-commerce

·; Finance, Insurance, Health & Legal

·; Government & Public Sector

Quindell Portfolio joined the market through Mission Capital Plc. The Group was readmitted to the market on 17 May 2011 following the acquisition of Quindell Limited. On 18 July 2011, the Company was renamed Quindell Portfolio Plc. In December 2011, Mobile Doctors Group Plc was acquired increasing run-rate revenue to over £50 million and staff levels to over 600 including our off-shore capability.

Our Solutions

In addition to extending our clients' brands, Quindell's solutions are focused on generating improvements in efficiency and effectiveness in sales and service transactions with savings of over 20% against industry norms achieved.

Our Consultancy drives the business transformation for our clients, and is supported by leading edge technology, outsourcing, membership schemes and social media via repeatable solutions.

Our Software provides cloud based industry solutions to deliver the necessary framework to meet online, office and field based sales and service expectations of our clients and their customers.

Our "Sales" Technology Enabled Outsourcing leverages our own Business & Home Advisory Service brands to provide a White Labelled proposition for partners to extend into offerings for Telecoms, Utilities, Finance, Insurance, Health and Legal Services.

Our "Service" Technology Enabled Outsourcing covers a broad range of solutions and in insurance, already recognised as a market leader for independent medical evidence via a panel of circa 2,500 medical experts providing circa 11% of reports for UK Personal Injury claims.

For further information, please visit www.quindell.com