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RNS Number : 8367P

Quindell Portfolio PLC

10 October 2011

RNS Release Embargoed until 7.10am on Monday 10 October 2011

Quindell Portfolio Plc

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

Further Investment in Mobile Doctors Group plc

Quindell Portfolio Plc (AIM: QPP.L), a leading brand extension business, is pleased to announce that it has 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 16.9%.

The investment of 1,434,471 shares representing approximately 8.6% of the issued share capital of Mobile Doctors, has been acquired today in exchange for the issue by Quindell of 8,367,748 Ordinary Shares of GBP0.01 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 GBP251,032. The Quindell shares will be subject to lock-in arrangements for a period of 12 months.

Application has been made for the 8,367,748 Ordinary Shares of GBP0.01 each to be admitted to trading on AIM. Admission of the shares is expected to occur on 13 October 2011. Following Admission Quindell will have 1,654,904,031 Ordinary Shares in issue.

Rob Terry, Chairman & Chief Executive of Quindell said: "We are very pleased to be increasing our shareholding in Mobile Doctors. The Mobile Doctors brand is already well established within the area of medico-legal reporting for personal injury claims and we look forward to working with them to further leverage the brand, enabling them to gain additional sales and extend into new product offerings."

For further information:

 
 Quindell Portfolio Plc                               Tel: 01329 830 501 
  Rob Terry, Chairman & Chief Executive              terryr@quindell.com 
  Laurence Moorse, Group Finance Director             Tel: 01329 830 534 
                                                    moorsel@quindell.com 
 Daniel Stewart & Company Plc                         Tel: 020 7776 6550 
  (Nominated Adviser & Broker)               oliverr@danielstewart.co.uk 
  Oliver Rigby/Tessa Smith 
 Media Enquiries                                      Tel: 020 7566 6720 
  Redleaf Polhill Limited                    quindell@redleafpolhill.com 
  Rebecca Sanders-Hewett                              Tel: 01329 830 501 
  Jenny Bahr                                        terrylt@quindell.com 
  Quindell Portfolio Plc 
  Tracey Terry, Chief Communications 
  Officer

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:

-- Finance

-- Insurance

-- Legal Services

-- Telecommunications

-- Utilities

-- Leisure

-- Retail

-- 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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