Quindell Portfolio PLC : Released on Wednesday 25th January 2012: 29.9% Investment in Ai Claims Solutions PLC

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

29.9% Investment in Ai Claims Solutions PLC

Quindell Portfolio Plc (AIM: QPP.L), the brand extension company and a leading practice provider of consultancy, software and outsourcing in its key markets, is pleased to announce that the Company has acquired 29.9% of Ai Claims Solutions PLC (AIM:ACS.L) ("Ai Claims Solutions"), one of the UK's leading outsourcers for the management of motor claims. The investment continues the development of the Company's insurance business, and follows the recently announced agreement with Silverbeck Rymer Solicitors.

18,222,412 shares, representing approximately 29.9%, in aggregate, of the issued share capital of Ai Claims Solutions, were acquired on 24 January 2012 from the shareholders listed in the table below in exchange for the issue by Quindell of 58,311,719 new Ordinary Shares of 1 pence each in the Company, a ratio of 3.2 new Quindell shares for each Ai Claims Solutions share. The new issued Quindell shares are locked in for a period of 12 months.

Ai Claims Shareholder	Shareholding  pre- investment	Shares sold to Quindell		Shareholding post investment
	%	Number	%	Number	%
Mr Charles Good	16.37	8,185,151	13.43	1,792,289	2.94
Mr Ari Zaphiriou-Zarifi	14.29	7,144,510	11.72	1,564,420	2.57
Mr David Gorton	10.92	2,892,751	4.75	3,763,551	6.18
Total	41.58	18,222,412	29.90	7,120,260	11.68

At the closing mid market price on 24 January 2012 for Quindell shares of 7.75p, the share exchange values Ai Claims Solutions at £15.1m, equivalent to 24.8 pence for each Ai Claims Solutions share, representing a 22.5% premium on the closing mid market price of 20.25 pence per Ai Claims Solutions share on the same date.

Application has been made for the 58,311,719 Ordinary Shares of 1 pence each to be admitted to trading on AIM.  Admission of the shares is expected to occur on 30 January 2012.  Following Admission Quindell will have 2,062,426,439 Ordinary Shares in issue.

Rob Terry, Chairman and Chief Executive of Quindell said: "We are delighted to be announcing this latest strategic investment. Ai Claims Solutions broadens our overall proposition in insurance, legal services and associated medical reports, and accident management.  We look forward to exploring with the Board at Ai Claims Solutions, propositions to provide combined business offerings that will lower the cost of claims for the insurance industry."

ENDS

Ai Claims
Shareholder

Shareholding 
pre- investment

Shares sold to Quindell

Shareholding post investment

%

Number

%

Number

%

Mr Charles Good

16.37

8,185,151

13.43

1,792,289

2.94

Mr Ari Zaphiriou-Zarifi

14.29

7,144,510

11.72

1,564,420

2.57

Mr David Gorton

10.92

2,892,751

4.75

3,763,551

6.18

Total

41.58

18,222,412

29.90

7,120,260

11.68