MMX.L Regulatory News (MMX)

 For immediate release

17 July 2015

Minds + Machines Group Limited

("MMX", the "Company" or "Group")

Board Appointments

Minds + Machines Group Limited (LSE: MMX), the publicly quoted owner and operator of Internet top-level domains, is pleased to announce that, further to the announcement in June, David Weill and Guy Elliott have today re-joined the Board and been appointed as non-executive directors with immediate effect. Both David and Guy are founding directors of the business.

Further AIM disclosures

Further disclosures on Guy Elliott and David Weill as required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies are as follows:

Guy Elliott, aged 57, is founder of F3 Capital Management LLC, an independent alternative asset management and advisory firm and has over 30 years of experience in a wide range of investment activities ranging from financial market trading and fund management to private equity. He was president and co-founder of Croesus Capital Management Corp., a specialist emerging markets hedge fund manager. He was a manager of proprietary trading at HSBC New York from 1992 to 1993 and worked for EBF & Associates as a portfolio manager from 1990 to 1992. He has also worked for Merrill Lynch International in New York focusing on fixed income securities and Cargill Inc. in London, Geneva and Minneapolis trading fixed income, foreign exchange and derivatives.

Since 2000 Guy Elliott has specifically focused on investing in the minerals industry and technology sector and has a track record of identifying investment opportunities and creating value for investors. Guy previously served as a co-founder or director of AIM-traded Polo Resources Ltd, Equator Exploration, Copper Development Corporation, West African Minerals, Aurelian Oil & Gas and Templar Minerals. In addition, he was a co-founder and director of Minds and Machines Group (Top Level Domain Holdings as it formerly know) and acted as an early stage investor in a number of technology companies. Guy Elliott is a non-executive director of GCM Resources Plc an AIM-traded company resources company. Guy Elliott has a BSc in Economics from the London School of Economics.

The directorships and / or partnerships held by Guy Elliott in the previous five years are as follows:

Guy Elliott is beneficially interested in a total of 21,500,000 ordinary shares representing 2.57 per cent. of the Company's issued share capital. As a minor, Guy Elliott was known as Guy Elliott Rabbin. 

There are no further disclosures in relation to Guy Elliott pursuant to Schedule 2(g) of the AIM Rules for Companies.

David de Jongh Weill, aged 57, started his professional career with Salomon Brothers in 1983 in derivative products sales and trading. He subsequently became active in proprietary trading for Salomon Brothers in International Fixed Income and Foreign Exchange. David left Salomon in 1989 to develop an international proprietary trading activity with Greenwich Capital Markets.

Thereafter, in 1992, David developed his own fund management activity with funds under management growing to over US$1.2 billion. From 1998, he has focused on corporate finance through Patrimoine Partners, LLP an FCA authorised firm and serving on corporate boards, predominantly in publicly listed natural resource and media and technology companies.

David has chaired four public companies; being Niger Uranium, Afnat, Caledon Resources and Axmin Inc, and served as a director for Kalahari Minerals, Minds and Machines (Top Level Domain Holdings as it was formerly known), and GCM Resources. Niger Uranium, under David's leadership, returned the equivalent of over £41 million to shareholders as special dividends. David served as Chairman on the board at Caledon Resources that was then sold to Guangdong Rising Asset Management in 2011 for $530 million. Kalahari Minerals was sold to China Guangdong Nuclear Power Company in 2012 for £650 million.

David holds a Bachelor of Business Administration, magna cum laude in International Business from the University of Georgia, a Masters of Business Administration from the London Business School, a Masters in Law and Accounting from The London School of Economics and a Masters in Decision Sciences from The London School of Economics. David was called to the Bar of England and Wales by the Honourable Society of Lincoln's Inn and is a member of the Honourable Society of the Middle Temple.

The directorships and / or partnerships held by David Weill in the previous five years are as follows:

David Weill is beneficially interested in a total of 10,409,805 ordinary shares representing 1.25 per cent. of the Company's issued share capital, of which 2,769,142 ordinary shares are held directly, 3,640,663 ordinary shares are held by Bellone Investment Services Inc (a company owned by the de Jongh Weill Family Settlement) and 1,000,000 ordinary shares by Patrimoine International Ltd (a company controlled by David Weill). In addition, Bellone Investment Services Inc owns a contract for difference in respect of a further 3,000,000 ordinary shares at a strike price of 10p per ordinary share.

David Weill was a non-executive director of CAN Media Limited ("CAN Media"), private company incorporated in the England and Wales, from 3 January 2006 until 4 April 2011. On 14 April 2011 CAN Media registered its intention to have a Court appointed administrator under the Insolvency Act 1986 (as amended). CAN Media was dissolved in July 2012. The deficit to creditors amounted to £1,100,461.

There are no further disclosures in relation to David Weill pursuant to Schedule 2(g) of the AIM Rules for Companies.

Further Information:

Minds + Machines Group Limited

Antony Van Couvering Tel: +1 310 452-1491

Beaumont Cornish Limited (Nomad) Tel: +44 (0)20 7628 3396

Roland Cornish / Michael Cornish

N+1 Singer (Broker)

Shaun Dobson/Ben Wright Tel: +44 (0)20 7496 3000

gth media relations

Toby Hall Tel: +44(0)20 7822 7493 / +44 7713 341072

For further information, please go to http://investors.mindsandmachines.com

About Minds + Machines

Minds + Machines (LSE: MMX) is a leading owner and operator of new generic Top Level Domains ("gTLDs"), and provides registry services to a range of high-profile clients. The Group also provides domain name services to consumers through its wholly owned registrar operations in the US and Europe. For more information on Minds + Machines and its services and companies within the Group, please go to http://investors.mindsandmachines.com.

ENDS