Three year contract with Honda UK

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Quindell Portfolio Plc

("Quindell" or the "Group")

Three year contract with Honda UK

Quindell Portfolio Plc (AIM: QPP.L), the provider of sector leading expertise in software, consultancy and technology enabled outsourcing in its key markets, being Insurance, Telecommunications and their Related Sectors, is pleased to announce a new agreement with Honda to handle a range of accident management services for the motor manufacturer's UK customers.

The three year contract follows a successful period of cooperation which started in January 2013 and with the opportunity represented with Honda as a major brand, we expect Group revenues to build to a significant level during the three year term, as under the terms of the agreement, Quindell will deliver a range of accident management services to Honda customers.

Marcus Comfort, Aftersales Programmes Manager, Honda (UK) commented: "Quindell have created a compelling proposition for Honda, and we believe the partnership will deliver an improved customer experience. We're convinced our customers will welcome the extra security that comes with contacting Honda and knowing we will help them from the moment of the incident, through to their car being repaired and returned to them." 

Simon Pook, Chief Operating Officer Quindell Business Process Services (previously Ai Claims Solutions) said: "The agreement with Honda (UK) is a significant step forward in our strategy to become a major player in the motor manufacturer market. Honda is a tremendous brand for us to be associated with, and we are looking forward to looking after their customers. We are planning a comprehensive training programme for Honda staff to explain the accident management process, enabling them to offer a high quality service to customers who are unfortunate enough to have an accident. Our proposition enables Honda customers to be back on the road as soon as possible."

David Sandhu, Group Chief Operating Officer, Quindell said: "This contract with Honda is one of a number of new clients that we have won so far in the current quarter, due to our continued focus on an ethical approach for the industry. These clients in combination represent additional tens of millions per annum in outsourcing revenues for the Group, with a combination of a number of major vehicle manufacturers, accident management companies, major insurers and brokers, which all underpin our confidence in continued growth in 2013 and beyond".

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About Quindell Portfolio Plc

Quindell Portfolio Plc is a provider of sector leading expertise in Software, Consulting and Technology Enabled Outsourcing in its key markets being Insurance, Telecommunications and their Related Sectors. Quindell joined the market through Mission Capital Plc, now renamed Quindell Portfolio Plc. The Company was readmitted to the market on 17 May 2011 following the acquisition of Quindell Limited prior to the immediate acquisition of Quindell's technology and outsourcing partners. In December 2011, Mobile Doctors Group Plc was acquired increasing 2012 run-rate revenue to over £50 million. On the 1 April 2012, Ai Claims Solutions Plc became a subsidiary of Quindell, increasing run rate revenue to over £150 million. Post gaining approval by the Solicitors Regulation Authority and the acquisition of our legal businesses in December 2012, including the law firm Silverbeck Rymer, Quindell finished 2012 with run rate revenue of more than £300 million.

Our Industry Sectors

In today's digital world the line between traditional industry sectors continues to blur, however the focus on tight service management is common to them all. We believe that excellent customer service, tight cost control and integrated supply chain management is not the prerogative of any single industry sector and with our solutions in multiple industry sectors savings of over 20% against industry norms are being delivered to the bottom line.

Our Solutions

The pressures on an organisation can come simultaneously from multiple directions including the need to add customers, increase wallet share, reduce costs and improve customer satisfaction. At Quindell we have the People, the Processes and the Supply Chains, underpinned by our sophisticated Champion and Challenger Business Process Management Technology Platform and Industry Solutions to help our customers tackle these efficiently and effectively.

With a clear understanding that having the best products and services on offer is not always enough and that getting your customers to use or adopt them is key, effective conversion lies at the core of our unique Champion and Challenger tools and techniques. Using these solutions Quindell has helped its customers achieve sales and service conversion rates ranging from 75% to 90%, way above industry norms. But life does not stand still, and complacency can kill any business, so the embedded Champion and Challenger continual improvement focus of our Learning Solutions is at the heart of all we offer. Using our industry insight and expertise, Quindell takes the holistic view of our client's challenges.

For example, when considering the Insurance industry today where 50% of the cost of an auto claim is associated with Personal Injury, including legal services, medical reporting and rehabilitation, it is clear that an organisation will not be able to achieve the levels of savings and customer satisfaction desired without addressing the injury to the driver as well as the repair of the vehicle. This is why at Quindell we have designed our insurance solutions and supply chains to address the full end to end cycle, with the ability and expertise to treat an injured party as well as repairing their vehicle. This makes Quindell a truly unique and ethically based proposition for the insurance industry today.

Our Customers

Quindell Portfolio's companies have worked with over 2000 brands from Small to Medium Enterprises and Blue-chip organisations around the globe. Today we count a number of the world's top Insurance and Telecommunications blue chip companies within our client base, as well as hundreds of customer centric organisations working in both the distribution and supply of their services.

Our award winning Business Transformational, Software, Consulting and Outsourcing Solutions are recognised as delivering significant savings and additional sales to our customers every year.

For further information, please visit www.quindell.com