Completed Acquisition of Accident Advice Helpline

Embargoed for release until 7.00am 9 April 2013

Quindell Portfolio Plc

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

Completed Acquisition of Accident Advice Helpline

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 that further to its announcement on 3 December 2012 it has completed its acquisition of Abstract Legal Holdings ("ALH"), the parent company of Accident Advice Helpline ("AAH") a leading ethical online consumer brand providing access to justice for victims of non-fault accidents under a no-win, no-fee agreement.

Highlights

·; Completion of acquisition, significantly and immediately earnings enhancing for the Group

·; Addition of a leading direct consumer channel to our legal services business model

·; Issue today of 242.1 million shares (circa 6.0% of total share capital) based on 17.5 pence

·; Acquisition trading ahead of warranted business plan

·; Shares locked in for 12 to 36 months

Quindell paid a non-refundable deposit of £19.75 million towards this transaction in December 2012, satisfied by the issue on 3 December 2012 of 28,571,429 shares issued at 17.5 pence and the payment of £14.97 million in cash. Further consideration for the Acquisition has now been satisfied by the issue today of 242,100,000 Quindell shares (representing circa 6.0% of the Group's total share capital), which are subject to lock in arrangements ranging from 12 to 36 months. In return, the vendors of ALH have warranted a business plan for ALH covering the 24 month period to November 2014 against which ALH has continued to deliver ahead.

Accident Advice Helpline is one of the UK's leading ethical online consumer brands, acting as the 'consumer champion' through which the general public can gain access to justice via its panel of law firms. Established in 2000, AAH has a proven track record of identifying and preparing the initial documentation necessary for a legal services firm to pursue a claim on behalf of its consumer client and uses a no-win, no-fee model that is consistent with the models that now survives post the legislative changes that came into effect as from 1 April 2013.

When combined with the additional revenues that will be earned by the Group as a result of the combination of the two businesses, the Board is extremely confident that this Acquisition will be significantly and immediately earnings enhancing for the Group when taking into consideration both the profit of ALH and the profit that will be made by the Group by performing the legal, medical and rehabilitation services ALH consumers require.

Application has been made for the 242,100,000 new shares to be admitted to trading on AIM. Admission of the shares is expected to occur on 16 April 2013. Following Admission Quindell will have 4,000,875,910 ordinary shares in issue. The Company has no ordinary shares held in treasury. The total of 4,000,875,910 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Rob Terry, Chairman and Group Chief Executive of Quindell said: "We are extremely excited to have now completed this acquisition of Accident Advice Helpline, which we believe will be significantly and immediately earnings enhancing for the Group when taking into consideration both the profit of ALH and the profit that will be made by the Group by performing the legal, medical and rehabilitation services ALH consumers require. The addition of a proven, trusted, direct consumer channel to our business model allows us to manage claims from the full range of sources through a managed, ethical supply chain, driving down the cost of claims for the industry.

Since its formation, Accident Advice Helpline has helped thousands of victims claim the compensation to which they are entitled. The principles on which their business is based fit well with our own ethical stance towards working in the insurance industry and underlining their commitment to ensuring injury victims have access to a simple, accountable and impartial compensation claims process, Accident Advice Helpline have been recommended by renowned consumer champion Esther Rantzen for many years. I am confident that having such a high profile and respected brand within the Quindell stable will support our broader extension into consumer advice services, and our partnership to date has been greeted with enthusiasm by the insurance brands that we partner with."

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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