WTG.L Regulatory News (WTG)

14 June 2013

Quindell Portfolio Plc

("Quindell" or the "Group")

Teach-ins and Preparation for Full Listing

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 confirm details regarding the previously announced teach-ins, to provide a deeper understanding of the business and confirm key appointments as part of its continuous corporate governance improvement programme in preparation for the Group's plan to move to full listing.

Teach-ins for Analysts and Institutional Investors

·; Acquisition, integration and overall strategy: 10am to 4pm, Tuesday 18th June, Quindell Court, 1 Barnes Wallis Road, Segensworth, Fareham, Hampshire PO15 5UA

·; Software and Consultancy - Solutions Division: 9.30am to 12.30pm, Wednesday 17th July, Dorsey & Whitney, 21 Wilson Street, London EC2M 2TD

·; Technology Enabled Outsourcing - Services Division: 9.30am to 12.30pm, Wednesday 14th August, Dorsey & Whitney, 21 Wilson Street, London EC2M 2TD 

For more information or to register to attend, please contact Jenny Bahr at Redleaf Polhill on 0207 382 4733 or jb@redleafpr.com.

Restructure in Preparation for Full Listing

The Board is pleased to announce the expansion of Ian Farrelly's role to Group General Counsel & Company Secretary, with effect from 1st July 2013, to provide advice on all legal, regulatory and corporate governance matters affecting the Group. Ian reports to Rob Terry, Executive Chairman, and will also be responsible for overseeing the development of the Group's investor relations function to communicate the company's financial position, strategy, growth opportunities and business initiatives to investors and stakeholders.

Ian recently joined Quindell as Group General Counsel, from Genus Plc, following a 19 year legal and company secretarial career encompassing both UK and international roles in FTSE250 companies across the technology, business services and insurance sectors, and has a wide-ranging ability to deal with all legal and company secretarial requirements of international listed businesses as well as a listed company's move from AIM to the official list. In his expanded role, Ian will continue to develop and strengthen the Group's corporate governance regime including the creation of a global embedded risk management programme, commensurate with the Group's intended standing as a FTSE main market Company.

As previously announced, Group Executive roles have been divided and Rob Terry's role has been confirmed as Executive Chairman. The Group now has two divisional Chief Executives, with responsibility for the technology and services businesses respectively. The Company plans to increase the independent Non Executive representation on the Board to ensure that the Group is fully compliant with best practice where applicable, for a FTSE main market company.

Rob Terry's direct reports also include Laurence Moorse, Group Finance Director, as well as two divisional Chief Executives and a Group Chief Operating Officer:

·; Robert Thomson, as divisional Chief Executive is responsible for the Global Software and Consultancy Solutions Division, which he helped to grow from £6.8m in 2011 to £30.1m in 2012 with EBITDA of £24m. Robert is responsible for revenue generation, customer relationship management and bringing the company to its next phase of growth and he helped to drive group sales in 2012 to £171.9m up from £13.7m in 2011.

·; Robert Fielding, as divisional Chief Executive, leads the Group's Technology Enabled Outsourcing Services Division, which he helped to grow from £6.9m in 2011 to £107.5m in 2012 with EBITDA of £32.2m. Robert was previously the Chief Operating Officer of Mobile Doctors plc, one of the leading providers of medico-legal reports for personal injury claims for the UK market and Quindell's largest acquisition within Quindell Health Services. Latterly, nine months prior to Quindell's acquisition of legal firm Silverbeck Rymer into Quindell Legal Services, Robert was appointed by the partnership as Chief Executive.

·; The divisional Chief Executives are joined by David Sandhu, as Group Chief Operating Officer. Having already overseen the significant growth that was delivered by Ai Claims Solutions as an independent public company, David will focus on service delivery excellence for the Group's clients and will be invaluable in helping to strengthen the Group's overall structure.

Rob Terry, Founder and Executive Chairman of Quindell, said:"It is an exciting time for Quindell as we prepare to move to full list at the appropriate time. In addition to the key roles we have announced recently, we are delighted to welcome Ian to the Quindell team to fulfill his role. The restructure demonstrates our commitment to continuous improvement regarding governance structures in line with best practice guidance."

Ian Farrelly, Group General Counsel of Quindell, said: "Having recently joined Quindell as Group General Counsel I am delighted at the opportunity in what will be my expanded role as Group General Counsel & Company Secretary to support Quindell in its development as a main market company and beyond. Quindell's business model and attributes are very exciting and I look forward to utilising my experience to further develop Quindell's corporate governance programme and its relations with shareholders and stakeholders."

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. Post gaining approval by the Solicitors Regulation Authority and the acquisition of our legal businesses in December 2012, including the law firm Silverbeck Rymer, Quindell finished 2012 with run rate revenue of more than £300 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