Detailed Response to Speculation

Quindell Plc

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

Detailed Response to Speculation

Further to the Company's announcement on 22 April 2014, the Board continues to consider the publication earlier this week by Gotham City Research LLC ("GCR") to be highly defamatory, deliberately misrepresentative and entirely rejects the conclusions that are made. The Board notes the short positions that were taken in the Company's shares prior to the publication by GCR and also the reference in the GCR report admitting to readers that they should "assume that, as of the publication date of the report, Gotham City Research LLC stands to profit in the event the issuer's stock declines". Legal action has already been initiated by the Company against those responsible for what it believes to be a coordinated shorting attack and reports are also being made on this activity to the appropriate regulatory authorities.

On 22 April 2014, the Company stated that it would prepare a detailed response to the GCR publication, which contained some 74 pages. The Company continues to work with its advisers and expects to post its response later today. A further announcement will be made at that time.

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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 amount to a further £500+ million 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