Seven new Contract wins and Trading Update

Quindell Portfolio Plc

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

Seven new Contract wins and Trading Update

Quindell Portfolio Plc (AIM: QPP.L), a leading brand extension business, is pleased to announce that the Group has won contracts with six established brands and one exciting new digital brand within the insurance, telecoms and utilities sectors, including for the first time, solar energy.

The Group will provide these clients with outsourced sales and service capabilities including its online customer acquisition strategy to enable the brands to achieve greater sales or extend into new product offerings. The clients will benefit from the Group's offshore and onshore capabilities together with application of Quindell Cloud Connect (the Group's solution for tracking and monitoring the conversion rates, efficiency and effectiveness of online enquiries alongside office and field based staff), mobile video conferencing and online training to control and scale the workforce.

Based upon our own and our partners historic sales conversion rates for the activities contracted, the Group estimates that the new contracts could contribute £3 million per annum of revenue, once staffing levels reach sixty agents assigned to these brands, which is expected to be by the end of November 2011. It is anticipated that staffing levels will reach up to two hundred agents both onshore and offshore in the first half of 2012, and that there will be further revenue generated by technology enabled online selling and servicing.

The BPO division is continuing to perform well and is signing over £1 million of new business each week for the client brands we represent, generating the Group commissions of over £100,000 per week and the Board is confident that revenues will exceed the division's market expectations. In Software and Consulting, the Group has just had the best quarter in its history. Based on contracted sales and its pipeline opportunities the Board is confident that this division can deliver on market expectations for 2011. As a result of the Company continuing to perform well, combined with these new contract wins and visibility of contracted revenue in the Business Process Outsourcing ("BPO") division, the Board is confident of exceeding current market expectations for the year ending 31 December 2011. The Board also remain confident of meeting market expectations for 2012.

Rob Terry, Chairman & Chief Executive of Quindell said: "I am delighted to be announcing these contract wins, which have been made possible through the successful integration of our acquired businesses and investments. The announcement today is a testament to our combined skills, technology platforms and strength of the management team. We will continue to deliver every day for our clients' brands and their customers, whilst the focus for our executive team will be to sign further step change brand extension deals that have the capability of earning the Group significant additional revenues per annum."

Laurence Moorse, Group Finance Director of Quindell said: "It is great to see the combined team deliver major contracts for organic growth only months since the introduction of their businesses to the Group. Our executives are fully incentivised to continue to sign further contracts of this nature, and those incentives are significantly above the result necessary to meet the current and following years' market expectations, truly aligning the interests of the Group and its shareholders."

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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