WTG.L Regulatory News (WTG)

RNS Release Embargoed until 7.00 am 16 February 2012

Quindell Portfolio Plc

("Quindell" or the "Company")

PROPOSED PLACING TO RAISE £30 MILLION

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 it has raised circa £30m (net of expenses) through an oversubscribed placing with institutional investors by Cenkos Securities plc ('Placing') of 470,000,000 new ordinary shares of 1p ('Ordinary Shares') with institutional investors each at a price of 6.75p per share, being the same price that Ordinary Shares were last purchased by Rob Terry; the Company's founder, Chairman and Chief Executive in January this year.

The proceeds will mainly be used to provide financing for the Company's acquisition strategy, as well as providing significant funds for further investment in existing investments and working capital to finance the initial startup of new deals, which have already been targeted.

Application has been made for a total of 470,000,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to be effective from and dealings in the new Ordinary Shares to commence on 22 February 2012.

Rob Terry, Chairman and Chief Executive of Quindell, commented:

"We are delighted with the support demonstrated by existing and new institutional shareholders. We believe this will provide the Company with the platform to continue its stated growth strategy, both through organic development and acquisition.

We met with several blue-chip institutions, most of whom purchased shares in this Placing, having now fully understood the Company's market positioning and long term growth potential. This level of support is particularly important as the funds will be used to finance recent and future identified acquisitions, which will enhance the Group's cash generation as well as facilitating synergistic and organic growth.

We look forward to sharing the upside of the potential growth in share price with our investors as these opportunities are delivered over the next few months and continue to look forward to the future with great enthusiasm."

The Placing has been arranged using the authority granted to directors of the Group at the time of the Company's admission to trading on AIM.

Subsequent to the Placing, the Company's total issued share capital is 2,549,747,261 Ordinary Shares. Quindell holds no shares in treasury. Therefore, the total number of voting rights in Quindell is 2,549,747,261.

The above figure, 2,549,747,261, may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Quindell under the FSA's Disclosure and Transparency Rules.

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