Further investment in Ingenie and analyst event

RNS Release Embargoed until 7.00 am 12 April 2012

Quindell Portfolio Plc

("Quindell" or the "Group")

Quindell increases investment in Ingenie Limited to 19.7% and

announces an Insurance focussed Analyst and Investor Event

Quindell Portfolio Plc (AIM: QPP.L), the brand extension company and a leading practice provider of consultancy, software and outsourcing in its key markets, is pleased to announce that on 11 April 2012 the Group acquired a further 16.4% of Ingenie Limited ("ingenie"), the insurance intermediary digital brand for young drivers, in exchange for cash of £2.85 million. The investment takes Quindell's holding in ingenie to approximately 19.7%. The Group is also pleased to announce that it has agreed the first sale of its 'Challenger' telematics based insurance claim system to ingenie.

Quindell's Insurance software solutions were developed for use by ingenie, its charter client, a brand which addresses two of the largest issues facing the motor insurance industry today: the prohibitive cost of young car driver insurance and the high customer acquisition costs. ingenie uses telematics technology, developed in partnership with Williams F1 Team, to reduce claims costs, whilst pioneering an innovative social media strategy which effectively reduces the traditional reliance on aggregators.

Quindell worked with the ingenie team for over a year prior to launch at the end of 2011. The ingenie team has a substantial pedigree in the insurance industry. Steve Broughton, ingenie's Chairman, is the former Managing Director of RSA, and is currently a Non-Executive Director at Ageas UK and Chairman of Tesco Underwriting. Richard King, ingenie's founder and Chief Executive, is a former co-founder of The Innovation Group plc. The other ingenie director is Chief Underwriting Officer, Chris McKee, formerly Executive Director of Direct Line. ingenie's insurance policies are currently solely underwritten by Ageas. Investors in ingenie include the Williams F1 Team, and Gary Lineker, who is actively involved in the businessas ambassador for the brand.

Insurance focussed Analyst and Investor Event

Post the current offer period relating to Ai Claims Solutions Plc, Quindell, together with representatives from ingenie, will hold an investor and analyst event highlighting the value of its investment in ingenie and the capabilities of Quindell's insurance solutions and its ability to deliver transformational change within the industry. Quindell has received significant interest in its insurance solutions, from both the UK and the global insurance industry, however it currently has an exclusive supply arrangement with ingenie for the telematics young driver market, which runs until July 2012.

Rob Terry, Chairman and Chief Executive of Quindell said:

"We are pleased to be announcing this latest investment in Ingenie, increasing our share in this growing business to 19.7%. ingenie launched with Quindell as their technology solution provider, and we are delighted that they are now taking advantage of their 'first mover agreement' with us and adopting our 'Challenger' telematics based insurance claims system. Once again, I congratulate Richard on the amazing job he and the team have done with ingenie in creating what we believe may become recognised as the most successful digital brand launched in the insurance market to date fully leveraging the power of social media."

Richard King, founder and Chief Executive of ingenie said:

"We are delighted to be extending our relationship with the Quindell team through their increased shareholding combined with our purchase of their 'Challenger' telematics based insurance claims system. With the use of advanced telematics developed in partnership with the Williams F1 Team we aim to improve driver behaviour and at the same time reduce the frequency and cost of car insurance claims."

For further information:

Notes to Editors:

About Quindell Portfolio Plc

Quindell, the Brand Extension Company, helps its clients and partners to utilise their brands enabling them to achieve greater sales, provide better service and extend the brand into new product offerings and alternative routes to market.

The Group works with over 2,000 brands from SMEs to blue-chips around the globe, with solutions applying to the following Sectors & related Supply Chains:

·; Telecoms, Utilities, Retail & E-commerce

·; Finance, Insurance, Health & Legal

·; Government & Public Sector

Quindell Portfolio joined the market through Mission Capital Plc. The Group was readmitted to the market on 17 May 2011 following the acquisition of Quindell Limited. On 18 July 2011, the Company was renamed Quindell Portfolio Plc. In December 2011, Mobile Doctors Group Plc was acquired increasing run-rate revenue to over £50 million and staff levels to over 600 including our off-shore capability. In April 2012 Ai Claims Solutions Plc became a subsidiary of the Group, increasing run rate revenue to over £150 million and staff levels to circa 1,000.

Our Solutions

In addition to extending our clients' brands, Quindell's solutions are focused on generating improvements in efficiency and effectiveness in sales and service transactions with savings of over 20% against industry norms achieved.

Our Consultancy drives the business transformation for our clients, and is supported by leading edge technology, outsourcing, membership schemes and social media via repeatable solutions.

Our Software provides cloud based industry solutions to deliver the necessary framework to meet online, office and field based sales and service expectations of our clients and their customers.

Our "Sales" Technology Enabled Outsourcing leverages our own Business & Home Advisory Service brands to provide a White Labelled proposition for partners to extend into alternative offerings. We know that many insurance brokers and other brands do not have the resources or capability to fully cross-sell the full range of insurance and other lifestyle event related products to their clients. We work with these brands to sell their own add-ons or give them access to ours including add on offerings within Telecoms, Utilities, Finance, Insurance, Health and Legal Services. We are constantly researching new products coming in to the market and enjoy excellent relations with insurers and underwriters as well as telecoms, utilities and other service providers; testing these offerings through our own Business and Home Advisory Service brands.

Our "Service" Technology Enabled Outsourcing covers a broad range of solutions and in insurance, is already recognised as a market leader. Within insurance, the Group's strategy is to work with the sector to provide ethical end to end claims management solutions, which provide market leading customer service with an ethos to control claims cost inflation. The Group manages motor claims from the initial incident through to final resolution for a number of the UK's leading insurance companies, brokers, fleet companies and automotive businesses. The Group provides circa 200,000 core services to insurance policy holders each year including accident management services, cost containment, claims recovery, vehicle repair, personal injury claims management, medico-legal reporting, rehabilitation and replacement vehicles where the Group has access to 300,000 vehicles through its rental partners.

For further information, please visit www.quindell.com