WTG.L Regulatory News (WTG)

For Release 7am 7 May 2014

Quindell Plc

("Quindell", the "Company" or the "Group")

IBAO, ingenie and Quindell Update

Independent Brokers Association of Ontario ("IBAO")

 Provides Update on Broker-Owned Telematics Solution

Quindell Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to update the market on telematics rollout in Canada following a press release made by the Insurance Brokers Association of Ontario on 5 May 2014.

In 2013, the Independent Broker Resources Inc. ("IBRI"), a wholly owned subsidiary of the IBAO announced plans to introduce a ground-breaking, broker owned telematics technology to the Canadian marketplace. On 5 May 2014, IBAO Chief Executive Officer Randy Carroll issued a formal update to the industry on the current implementation plan which outlined the introduction of two telematics offerings to the industry. The following offerings were detailed:

· ingenie, a UK telematics broker who is expanding into the Canadian marketplace, will provide a niche telematics product for 16-24 year olds, distributed exclusively through member brokers of our association; and

· The IBRI/Quindell solution, which is a general telematics offering that provides the option for our insurers to provide a broker branded telematics solution into the Marketplace.

For ingenie: Four broker friendly insurance companies have been secured to underwrite the ingenie product. The product is set to launch as a pilot program in August 2014, with a full broker launch in Ontario set to occur in October 2014, all subject to regulatory approval.

For the IBRI/Quindell Solution: Two pilot programs for the IBRI/Quindell solution have launched with two insurers. IBRI is regularly speaking with regulators and the discussions are developing. Seventeen Non-Disclosure Agreements have been signed with insurers across Canada, and progress continues to be positive. The IBRI offering has the ability to accommodate all insurance company offerings, thereby presenting a single source solution to the broker channel while meeting the key principle of providing portability of data to the policyholder.

Randy Carroll, Chief Executive Officer of the IBAO said: "We want our brokers to be diligent about supporting a broker owned telematics solution because we are at a critical juncture in our industry. Brokers are committed to protecting their clients' best interest by offering them choice to a variety of products available. If the industry shifts to another telematics solutions, brokers will lose that direct connection to their client and the option of choice will be lost as well as the opportunity for their clients to be provided with the best overall solution for their needs.

Unlike other traditional telematics solutions, both IBRI solutions allows broker access to interpret their clients risk profile and adequately advise them on the most appropriate insurance product available that will match their needs. A broker branded solution, IBRI will ensure brokers are given every opportunity to leverage and build value for their customers.

IBRI will continue to work closely with regulators and will fully support the broker network through the implementation of this new technology. In a world where technology is rapidly evolving, IBRI has developed a product that protects consumers while providing them with the technology they desire."

Rob Terry, Founder and Executive Chairman, said: "This announcement, prompted by the IBAO's press release, is the first of a series of announcements associated with ingenie's launch in Canada and new telematics contracts being signed with both brokers and insurers in Canada, and previously announced contracts going live into pilot programmes, soft launches and full implementations over the next few months.

The take up of our telematics solutions in Canada continues to exceed all our expectations and this is demonstrated by the seventeen insurers who have now signed NDA agreements and are working on the potential launches of telematics programmes with IBRI and Quindell in 2014."

For further information:

Notes to Editors:

About Quindell Plc

Quindell Plc is a provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets being insurance, telecommunications and their related sectors. Quindell enters 2014 with a run rate of gross sales approaching £600 million and approaching £200 million of EBITDA, and has announced new contract wins since the start of 2014 that amount to a further £500+ million due to start during 2014. Our award winning business transformational, software, consultancy 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