WTG.L Regulatory News (WTG)

Embargoed for release: 7.00 AM 14 August 2013

Quindell Portfolio Plc

("Quindell" or the "Group")

Investor Teach-In 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, is pleased to reconfirm the third and final Analyst and Institutional Investor Teach-In, taking place today from 9.30am to 12.30pm at Dorsey & Whitney, 21 Wilson Street, London, EC2M 2TD.

Today's Teach-In will focus on the Group's Services Division and will include an update on current volumes and trading for the Division, which remain in line with management expectations, as well as other key metrics, including the significant progress made by the Group in its cash and debtor management since its previous announcement in May 2013.

Strong cash collection performance

Through a focused approach to billing and trade debtor management, cash collection across the business continued to be according to and in some cases, ahead of plan. The Group has previously confirmed that in the first four months of this current financial year, the Services Division had collected cash representing approximately half of the debtor levels outstanding at the year end. By the end of July 2013, this had increased to over 82% for the Division as a whole, and circa 105% for Ai Claims Solutions, now trading as Quindell Business Process Services, on a standalone basis, without the benefit of any block settlements. This strong cash collection led to average trade debtor days at 30 June 2013 for the Group reducing to circa 4.8 months compared to circa 6.5 months as at 31 December 2012.

Total gross sales for the Group increased by 33% compared to the previous six months, led by exceptionally strong growth in the legal services business following significant new business wins and as a result of the regulatory change introduced on 1 April 2013.

As a result of the Group's strong cash collection and a reduction in receivables in relation to acquisition related payments, total trade and other receivables increased by only 21% during the period to £243.9 million at 30 June 2013 (31 December 2012: £202.3 million) against sales growth of 33%. Since their respective acquisition dates, Quindell Legal Services' receivables have increased by only 98% to £121.2 million as at 30 June 2013 (December 2012: £61.3 million) despite case intake volumes increasing by 150% in the same period and Ai Claims Solutions receivables have reduced by 15% to £51.8 million at 30 June 2013 (April 2012: £61.3m), again despite recent growth in volumes.

Teach-In slides and Interim Results

The Teach-In presentation slides will be available on the investor section of the Group website (www.quindell.com) following completion of the event today. No new financial information will be disclosed today beyond that which is described in this announcement.

Quindell will announce its interim results for the six months ended 30 June 2013 on Monday 19 August 2013. An analyst briefing will be held on the day at 9.30am at the offices of Redleaf Polhill.

For more information or to register to attend these events, please call Rachael Brown at Redleaf on 0207 382 4730 or email rb@redleafpr.com.

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 enters the second half of 2013 with a run rate of gross sales of more than £350 million and with approaching £50 million of EBITDA earned in the first half of 2013. 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