WTG.L Regulatory News (WTG)

4 April 2014

Quindell Plc

UK Contract Win

("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 a new outsourcing contract with Hawkwell Motor Insurance Company ("Hawkwell").

Managing general agent, Hawkwell Motor Ltd, based in the City of London, is targeting brokers across the United Kingdom and Northern Ireland and specialises in private car, commercial vehicle and taxi insurance.

The three year exclusive contract, which commences in April, will see Quindell deliver a complete end to end claims solution for Hawkwell, including First Notice of Loss (FNOL), policy validation, repair, mobility and legal services for both claimant and defendant.

Welcoming the news, Rob Terry, Founder and Executive Chairman of Quindell said: "I am delighted to announce that Hawkwell has selected Quindell to facilitate its business growth. This contract win is another example of how our market leading model resonates within the insurance industry. Our innovative technology and integrated supply chain for insurance continues to stamp down the cost of claims whilst above all improving the customer experience for the brands who choose to partner with us."

Tony Smith, CEO of Hawkwell said:

"We are delighted to be partnering with Quindell. Our business model is focused on what brokers have asked for and what's new and different is the way we have designed the business, the breadth and depth of the service we offer and the systems it's built on. We have researched the market very carefully and are bringing brokers what they've been asking for - extra motor capacity so they can compete better with direct writers. They told us they wanted a specialist firm that knows the market and that's easy to work with. They said they needed competitive rates and an effective round the clock claims service and systems that won't let them or their clients down. We have listened carefully to what brokers said and that's exactly what we have developed with Quindell."

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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 £450m 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