WTG.L Regulatory News (WTG)

2 November 2012

Quindell Portfolio Plc

("Quindell" or the "Group")

Robert Thomson confirmed as Group Chief Revenue Officer

Quindell Portfolio 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 the appointment of Robert Thomson as Group Chief Revenue Officer with immediate effect.

As announced in March, Robert now assumes a full-time role with Quindell following the end of restrictions with his former employers, the Innovation Group plc ("Innovation Group").

Robert brings exceptional experience to Quindell, having worked in the insurance and technology sectors for over 25 years. Robert started his career with IBM, advancing to the position of Global Sales Director for the IBM-Huon alliance, with responsibility for over 700 implementation consultants working with major insurance companies in eleven countries. In 1998, Robert was appointed as Global Sales & Marketing Director for Huon Corporation. Robert subsequently joined Innovation Group in 2001, as a result of its acquisition of Huon. Following a period away from the industry, concentrating on establishing and developing Enzyme International Limited, Robert re-joined the Innovation Group in June 2010 as UK Managing Director, responsible for delivering over £34.5 million in revenue in 2011, which represented circa 25% of Innovation Group's global EBITDA prior to group cost allocations.

In this key role for Quindell, Robert will lead the customer relationship management programme, sales, marketing and business development efforts across the Quindell portfolio. He will leverage Quindell's exceptional assets of product and services into integrated, end-to-end solutions for the Insurance and Telecoms sectors. Robert will help to drive revenue generation and bring the company to its next phase of growth, reporting directly to Rob Terry, Chairman and Group Chief Executive of Quindell.

Rob Terry, Chairman and Group Chief Executive of Quindell said: "I am delighted that Robert is free of all previous restrictions and is now fully able to assist with our next stage of growth. Having worked closely with Robert in the past, I know that he has an enviable level of contacts and demonstrates a significant understanding of both the insurance and financial services sectors. Robert has superb people skills and will be a hugely positive force within the company. Having Robert as part of our Executive Management team will contribute significantly towards our future growth and success. This appointment further demonstrates Quindell's ability to attract respected talent to the business."

Commenting on his appointment Robert Thomson, said: "Since my initial announcement in March, I have worked closely with Rob and the team in identifying opportunities and completing many of the acquisitions the Group has recently undertaken. The opportunity to integrate the propositions and build a world-class company excites me enormously. Also the prospect of working with the highly respected members of our Advisory Board, is an opportunity seldom afforded. Having previously worked closely with a number of the Quindell management team, I am delighted to be fully on board the company as it works to revolutionise the insurance supply chain through innovative new business models enabled by superb people and technology. At no time in my career to date have I ever seen such a substantial market opportunity as currently presented. This is highlighted by the significant pipeline already established and I look forward to maximising on this market opportunity which has been created with Quindell's unique market proposition."

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 joined the market through Mission Capital Plc, now renamed Quindell Portfolio Plc. The Company was readmitted to the market on 17 May 2011 following the acquisition of Quindell Limited prior to the immediate acquisition of Quindell's technology and outsourcing partners. In December 2011, Mobile Doctors Group Plc was acquired increasing 2012 run-rate revenue to over £50 million. On the 1 April 2012, Ai Claims Solutions Plc became a subsidiary of Quindell, increasing run rate revenue to over £150 million.

Our Industry Sectors

In today's digital world the line between traditional industry sectors continues to blur, however the focus on tight service management is common to them all. We believe that excellent customer service, tight cost control and integrated supply chain management is not the prerogative of any single industry sector and with our solutions in multiple industry sectors savings of over 20% against industry norms are being delivered to the bottom line.

Our Solutions

The pressures on an organisation can come simultaneously from multiple directions including the need to add customers, increase wallet share, reduce costs and improve customer satisfaction. At Quindell we have the People, the Processes and the Supply Chains, underpinned by our sophisticated Champion and Challenger Business Process Management Technology Platform and Industry Solutions to help our customers tackle these efficiently and effectively.

With a clear understanding that having the best products and services on offer is not always enough and that getting your customers to use or adopt them is key, effective conversion lies at the core of our unique Champion and Challenger tools and techniques. Using these solutions Quindell has helped its customers achieve sales and service conversion rates ranging from 75% to 90%, way above industry norms. But life does not stand still, and complacency can kill any business, so the embedded Champion and Challenger continual improvement focus of our Learning Solutions is at the heart of all we offer. Using our industry insight and expertise, Quindell takes the holistic view of our client's challenges.

For example, when considering the Insurance industry today where 50% of the cost of an auto claim is associated with Personal Injury, including legal services, medical reporting and rehabilitation, it is clear that an organisation will not be able to achieve the levels of savings and customer satisfaction desired without addressing the injury to the driver as well as the repair of the vehicle. This is why at Quindell we have designed our insurance solutions and supply chains to address the full end to end cycle, with the ability and expertise to treat an injured party as well as repairing their vehicle. This makes Quindell a truly unique and ethically based proposition for the insurance industry today.

Our Customers

Quindell Portfolio's companies have worked with over 2000 brands from Small to Medium Enterprises and Blue-chip organisations around the globe. Today we count a number of the world's top Insurance and Telecommunications blue chip companies within our client base, as well as hundreds of customer centric organisations working in both the distribution and supply of their services.

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