Trading Update

For immediate release

Quindell Plc

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

Trading Update

Quindell Plc (AIM: QPP.L), a leading provider of software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their related sectors is pleased to provide a trading update ahead of Quindell's interim results for the six months to 30 June 2014 being announced on 21 August 2014.

Trading Update

· The Board reports that the Group has met all its key performance indicators for July (cash conversion, adjusted EBITDA and adjusted EPS)

· Services margins remain particularly strong and continue to track ahead of plan

· Global Connected Car initiatives across the Group have reached record levels with over 600,000 connections supported to date (including c. 200,000 phone-based app downloads)

· All core business relationships remain strong

· A number of major new initiatives are being planned with new and existing clients for H2 2014

Cash Performance

· Operating cash flow has turned positive in July

· Group net funds increased in July

· Prior cash guidance and confidence in market expectations for 2014 and beyond re-affirmed

· Focus remains on cash over growth as previously stated

· Certain contracts being restructured to ensure the optimum return on cash resources but both profit and cash guidance are not dependent on any upside from these initiatives

For further information:

For further information, please visit www.quindell.com