MAIS.L Regulatory News (MAIS)

June 24, 2014

blur Group Plc

("blur Group" or the "Company")

AGM Statement

At its AGM to be held later today, Philip Letts, CEO of blur Group plc (BLUR), the leading global business services marketplace at blurgroup.com, will make the following statement:

"The first quarter of 2014 showed that blur Group continued to make significant progress with high growth in the volume of submitted projects, greater penetration into global markets, and a broadening of the services available through the platform with the introduction of HR and Video categories.

"The launch of blur 4.0 at the beginning of the second quarter provided a unified browsing experience from any device as well as building on the platform's capability to support enterprise class projects as they continue to grow. May 2014 saw the submission of the 5,000th project to the Exchange and total project values submitted to date have passed $270m.

"Furthermore, the Board are confident that the more prudent accounting and reporting policies and practices implemented following year-end, largely as a response to the increased complexity and duration of enterprise level projects coming through the Exchange, will underpin the future performance of the business.

"The Board believes that the added investment of $22m from the Placing and Open Offer, together with a strengthened finance function and the planned appointment of a new CFO all based out of our global HQ in Exeter, will enable the Company to maximise its market opportunity and support it through to profitability and beyond."

For further information please contact:

About blur Group plc at blurgroup.com

blur Group (BLUR: LSE AIM) is a technology company helping businesses around the world buy and sell services on its Global Services Exchange platform.