Quintiles (Q) Reports Seconday Offering and Buyback

Quintiles Transnational Holdings Inc. (NYSE: Q) announced today the launch of an underwritten, secondary public offering of 13,303,666 shares of its common stock by certain of its existing shareholders, including investment funds associated with Bain Capital Investors, LLC, affiliates of TPG Global, LLC, affiliates of 3i Corporation and Dennis Gillings, CBE, and his affiliates (the “Selling Shareholders”), of which Quintiles intends to repurchase from the underwriter a number of shares having an aggregate value of approximately $250 million. Quintiles is not offering any stock in this transaction and will not receive any proceeds from the sale of the shares by the Selling Shareholders in this offering.

Quintiles’ per-share purchase price for the repurchased shares will be the same as the per-share purchase price payable by the underwriter to the Selling Shareholders. Quintiles expects to fund the share repurchase with a combination of cash on hand and borrowings under its revolving credit facility. The repurchase is subject to completion of the offering.

Citigroup is acting as the sole underwriter of this offering.

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