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<p>Quindell plc is Alternative Investment Market (AIM) listed which is controlled
by London Stock Exchange and any enquiry relating to possible market abuse sits within
the remit of the Financial Conduct Authority.</p><p> </p><p>The Government’s Insolvency
Service has discretionary powers under the Companies Acts to conduct enquiries on
behalf of the Secretary of State where it appears that there has been misconduct in
relation to the affairs of any company, including those not subject to formal insolvency.</p><p>
</p><p> </p><p> </p><p>For the investigation process to be effective it is essential
to maintain confidentiality at all stages and there is also a need to protect the
commercial interest of companies against the danger of damage from malicious complaints.
For these reasons there are legal restrictions on disclosing information obtained
during an enquiry and The Service does not confirm or deny whether an investigation
of a particular company is taking place.</p><p> </p><p>Where other regulators and
investigating agencies are involved, the Insolvency Service would liaise closely to
ensure public money is not wasted duplicating resources.</p><p> </p><p> </p><p> </p><p>
</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p>
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