WTG.L Regulatory News (WTG)

For Immediate Release

Quindell Plc

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

Leading UK Broker Extends Contract

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 announce a two year extension of an existing contract with one of the UK's leading insurance brokers which is owned by one of the world's largest global insurance companies.

Over the past year of working with Quindell, and therefore leading to the extension, the customer journey was significantly improved compared to industry norms and to that experienced historically. The contract also provides the UK leading insurance broker with access to Quindell's market leading Challenger technology platform.

This contract extension will provide Quindell's unique claims handling facility for both fault and non-fault claims, supported by a complete technology enabled supply chain offering incorporating elements such as vehicle repair, onward mobility and legal services. The UK leading insurance broker has over 1,400 staff in over 40 offices across the UK and provides thousands of clients with guidance on creating the insurance solutions that best protects their assets, revenues, people and lifestyle.

Rob Terry, Founder and Executive Chairman, said: "We are delighted to announce this contract extension with a UK leading insurance broker. The insurer recognised early on that the Quindell outsource offering would satisfy its needs as a successful writer of personal and commercial lines and this has been validated over the last year. We believe that Quindell is unique in its ability to support a brand of this diversity with a fully integrated claims outsourcing capability. Through our first full year of working together, we have been able to demonstrate that our integrated solution provides for a better customer journey for all participants.

This is the first of a number of other potential contract extensions that will see our services not only being used for non-fault claims but also being extended for the provision of services in relation to at-fault claimants. Quindell continues to focus on our core business and organic growth opportunities in order to deliver both new business and contract extension, focusing on servicing the needs of our customers.

The outstanding level of support we have received from our customers during the recent weeks is greatly appreciated. A number of our largest customers have acted as references to existing and new potential investors in support of our recent US roadshow as well as confirming their long-term commitment to Quindell. The references provided have been very positive confirming our unique market leading position and strength of our relationships.

This level of support has also contributed to a number of our existing institutional investors, including key US investors, significantly increasing their shareholding over the last two weeks. The roadshow has been our first investor marketing trip to the US and has been very encouraging for our future prospects in this market with approaching 16% of our stock now held by US investors. As well as continuing to pursue a full premium listing in the UK continues we shall now start to fully investigate the additional value of a dual listing in North America.

I would personally like to thank all of those institutional shareholders who have taken the step to publicly confirm their support for the Company as well as all the Quindell staff that have demonstrated their conviction by purchasing shares and reiterate that we will repay this support by continuing to deliver market leading rates of growth and profitability. In confirmation of this delivery we are pleased to announce that the last month has once again exceeded all our internal expectations for all key measures including pipeline growth, revenue, profitability, EPS and operating cash generation."

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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