Court judgement won against Gotham City Research

Embargoed for release until 7.00 Tuesday 9 September 2014

Quindell Plc

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

Court judgement won against Gotham City Research

Quindell Plc (AIM: QPP.L), a market leading global provider of professional services and digital solutions, announces that it has received judgement in its favour in its libel action against Gotham City Research LLP ("Gotham").

On 22 April 2014, the Board of Quindell announced that it was aware of a publication by Gotham and that it rejected the assertions raised in that note and considered that note to be highly defamatory, deliberately misrepresentative and that Quindell entirely rejected the conclusions that were made.

On 30 April 2014, libel proceedings were issued in the High Court against Gotham on behalf of Quindell and others. On 23 July 2014, the High Court granted permission for the Claim Form and Particulars of Claim to be served out of the jurisdiction on Gotham in Delaware and these were validly served on 29 July 2014. Gotham failed to provide either Acknowledgement of Service or a Defence.

The Board of Quindell announces that it (and its fellow Claimants including Robert Terry, Chairman of Quindell) has now received judgement in their favour from the High Court against Gotham.

The process of the evaluation of quantum in damages will begin at the end of November 2014.

Tony Bowers, Senior Independent Director and Vice Chairman of Quindell said: "We are pleased that following the co-ordinated shorting attack led by Gotham and others, we have been able to successfully win judgement from the High Court in our claim for libel against Gotham.

Whilst it is disappointing that Gotham has not been prepared to submit itself to the scrutiny of the English Courts, we have consistently stated that we believe the Gotham publication was both defamatory and deliberately misrepresentative and it is pleasing to receive validation of our claim and success in this matter. The Company will continue to pursue actions of this type, where necessary, to protect its reputation and the best interests of its shareholders."

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