Integration of Acquired Businesses

RNS Release Embargoed until 7.00am on Wednesday 26 October 2011

Quindell Portfolio Plc

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

Integration of Acquired Businesses

Quindell Portfolio Plc (AIM: QPP.L), a leading brand extension business, is pleased to announce that further to the Company's announcement on 19 October 2011 detailing that it had won contracts with seven brands, the Company has completed all the integration of the businesses it has acquired since its admission to AIM in May 2011. The integration, which has included the closure of four office locations and the consolidation of staff into the Group's other operating locations on and offshore, will achieve run rate savings in excess of £500k per annum in 2012.

As part of this integration process and following the recent changes in the consumer gas and electric markets, the Company has successfully diversified away from any reliance to meet current market expectations from revenues in relation to door-to-door selling as an agent for the big six utility companies. It is anticipated that it will become clear in the first half of 2012 as to whether the Company will receive a significant one-time payment in relation to the closure of these prior activities. However, there is no reliance on this payment to meet current market expectations. Notwithstanding the above, the Company remains actively engaged in the provision of consumer advice in relation to utilities.

Rob Terry, Chairman & Chief Executive of Quindell said: "Now that we have completed the integration phase, we can concentrate fully on profitable organic growth and other earnings enhancing expansion opportunities. With our pipeline for 'out of the box' brand extension solutions at record levels, we expect to announce further major contract wins before the end of 2011."

For further information:

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