TIDMQPP

RNS Number : 5280H

Quindell PLC

16 March 2015

16 March 2015

Quindell Plc

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

Press speculation

Quindell Plc (AIM: QPP.L) notes the Sunday Times article dated 15 March 2015 and confirms that it remains in discussion with Slater & Gordon Limited ("SGH") regarding the possible disposal of the professional services division ("PSD") of the Group. Quindell confirms that a number of deal structures have been discussed with SGH including one with an up front value of GBP640 million and a share of receipts from settlement of Noise Induced Hearing Loss cases. However, there can be no certainty that these discussions will lead to any offer, or the disposal of, the PSD. Further announcements will be made, as appropriate, in due course.

-ends-

For further information:

 
 Quindell Plc 
  David Currie, non-Executive Interim Chairman     Tel: 01489 864200 
  Robert Fielding, Group Chief Executive 
  Stephen Joseph, Head of Investor Relations 
 Cenkos Securities plc, Nominated Adviser 
  and broker                                       Tel: 020 7397 
  Stephen Keys / Mark Connelly                     8900 
 Tulchan Communications 
  Susanna Voyle / Victoria Huxster                 Tel: 020 7353 
                                                   4200

This information is provided by RNS

The company news service from the London Stock Exchange

END

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