WTG.L Regulatory News (WTG)

Embargoed to 7am on Thursday 13 March 2014

Quindell Plc

New Contracts and Results Date

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

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 new contracts for its Services Division and the date of the Group's Preliminary Results announcement.

· Preliminary Results announcement date confirmed as 31 March 2014

· Post fundraise organic growth target of £450 million exceeded by £30 million

· Trading in Q1 2014 ahead of plan for all key performance indicators

Both the Group's Full Premium Listing and its audit by KPMG are progressing to plan. The Group confirms today that it will be announcing its Preliminary Results for the year ended 31 December 2013 on 31 March 2014. This timing has been chosen to coincide with the end of the Group's first quarter of 2014 to enable the Group to provide further guidance on its Q1 trading. At this time, the Group will also outline the significant progress being made in relation to its collaboration models which further improve the operating cash flow of the Group and deliver significant benefits for the industry by driving down the cost of claims. Trading in the year to date has been ahead of plan for all key performance indicators, being profitability, cash generation and EBITDA margin.

The Group has previously reported that the total additional new business confirmed since the start of 2014 is in excess of £350 million. The Group is now pleased to confirm that its target of £450 million per annum to be contracted by the time of announcing its 2013 results has now been exceeded with a final £130 million of new annual run rate revenue now contracted beyond that previously announced, with margins ahead of guidance. These new contracts are expected to reach full run rate during the first half of the current financial year.

Rob Terry, Founder and Executive Chairman of Quindell said: "The Board is pleased to be able to confirm that the Group has now achieved the organic growth potential indicated at the time of its £200 million fundraise in November last year. This growth has been achieved whilst being selective about the type of new business we have contracted to ensure the best quality of work, margin potential and cash performance for the Group whilst maintaining our focus on driving down the cost of claims, protecting consumer rights and ensuring the best possible customer experience.

The mix of business that has now been contracted and that can be generated through our own direct and indirect consumer channels ensures that the Group shall have no reliance on any single segment of the market, type of work or referral partner to deliver on its longer term growth potential. The performance in Q1 to date validates this strategy for growth with current performance trends demonstrating the potential for the Board increasing its longer term margin guidance as we proceed through the first half of this year."

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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 together with those under final negotiation amount to a further £480m 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