Issue of Equity

Quindell Portfolio Plc

("Quindell" or the "Group")

Issue of Equity

Pursuant to the announcement made by the Group earlier today, the Board of Quindell has today issued and allotted 2,144,979 new ordinary shares of 1 pence each ("Ordinary Shares") ("New Shares").

Application has been made for the New Shares to be admitted to trading on AIM. Admission of the New Shares is expected to occur on 5 January 2012. Following Admission Quindell will have 2,004,114,720 Ordinary Shares in issue. This is the number which should be used by shareholders 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.

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