Minoan Regulatory News (MIN)

4 May 2016

MINOAN GROUP PLC

(the "Company" or "Minoan")

Share Issue

The Company is issuing, subject to admission on AIM, 1,444,444 Ordinary Shares of 1p each at 9p per share and 1,375,000 Ordinary Shares of 1p each at 10p per share (together new Ordinary Shares) to settle certain existing liabilities.

Application has been made for the total of 2,819,444 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will be effective from 10 May 2016. Following Admission, there will be a total of 191,650,968 Ordinary Shares in issue. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Minoan under the FCA's Disclosure and Transparency Rules.

For further information please visit www.minoangroup.com or contact: