Further Investment in Mobile Doctors Group plc

RNS Release Embargoed until 7.00am on Wednesday 19 October 2011

Quindell Portfolio Plc

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

Investment takes Quindell's holding in

Mobile Doctors to level of an Associate

Quindell Portfolio Plc (AIM: QPP.L), a leading brand extension business, is pleased to announce that it has further increased its investment in Mobile Doctors Group Plc (AIM: MDG.L) ("Mobile Doctors"), one of the leading providers of medico-legal reports for personal injury claims in the UK market, taking its ownership to approximately 21.1%.

The investment of 701,909 shares representing approximately 4.2% of the issued share capital of Mobile Doctors, has been acquired today from Matthew Game, CEO of Mobile Doctors, in exchange for the issue by Quindell of 4,094,469 Ordinary Shares of £0.01 each in the Company. The share exchange was based on the same ratio as for the Company's initial purchase of shares in Mobile Doctors at a price of 3 pence per Quindell share valuing the stake at £122,834. The Quindell shares will be subject to lock-in arrangements for a period of 12 months.

Application has been made for the 4,094,469 Ordinary Shares of £0.01 each to be admitted to trading on AIM. Admission of the shares is expected to occur on 25 October 2011. Following Admission Quindell will have 1,658,998,500 Ordinary Shares in issue.

Rob Terry, Chairman & Chief Executive of Quindell said: "The purchase of this most recent tranche of shares makes Quindell the second largest shareholder of Mobile Doctors after Lloyds TSB Development Capital Limited who own 29.9% and further cements our relationship. We are looking forward to the synergies that can be drawn from the combination of our shared interests, and working closely with Matthew to explore how Mobile Doctors can extend its brand through the application of Quindell's own technology and expertise."

Matthew Game, Chief Executive Officer of Mobile Doctors commented: "Mobile Doctors already holds a strong position in the area of medico-legal reporting for personal injury claims and remains focussed on driving its core business, but is also now looking to leverage its brand beyond its current product lines. I believe that Quindell can be instrumental in helping us make this possible, ultimately benefiting all of our shareholders, and this is why I have been willing to exchange a small proportion of my own shareholding to help Quindell attain a holding that enables them to account for Mobile Doctors as an associate of Quindell Portfolio Plc."

Laurence Moorse, Group Finance Director of Quindell said: "This latest investment takes our ownership of Mobile Doctors above 20%, not only making it an associate of Quindell Portfolio Plc, but also ensuring that over time Quindell obtains a larger share of the benefits that both companies can achieve through working together. It is particularly pleasing that we have been able to build our ownership of Mobile Doctors at a consistent and highly accretive rate for our own shareholders, whilst providing the opportunity for excellent value and long term growth for the shareholders we have acquired from."

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Notes to Editors:

About Quindell Portfolio Plc

Quindell, the Brand Extension Company, helps its clients, investments and partners to utilise their brands, enabling them to achieve greater sales, extend the brand into new product offerings and take advantage of alternative routes to market including white labelling, franchising and using broker and agency channels.

Quindell also provides clients with its cloud based technology to deliver the necessary framework to support the online, office and field based sales and service expectations of both its clients and their customers in an efficient and cost effective manner.

In addition to extending the customer wallet share of its clients' brands, Quindell's solutions are focused on generating improvements in efficiency and effectiveness for all of its clients, and savings of over 20% against industry norms are targeted.

The Group's consultancy arm drives the business transformation of its clients, and is supported by its leading edge technology, technology enabled outsourcing, membership schemes, social media and e-commerce with out of the box implementations.

The Group currently works with more than 1,000 companies from SMEs to national and international brands around the globe, and its solutions are applied in the following sectors and their related supply chains:

·; Technology, Telecommunications and Utilities

·; Finance, Insurance and Legal Services

·; Leisure, Retail and E-commerce

·; Education

Quindell Portfolio joined the market through Mission Capital plc. The Group was readmitted to the market on 17 May 2011 following the Company's acquisition of the whole of the issued share capital of Quindell Limited. On 18 July, the Company was renamed Quindell Portfolio Plc.

For further information, please visit www.quindell.com 

ENDS