MMX.L Regulatory News (MMX)

For immediate release

11 January 2016

Minds + Machines Group Limited

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

Proposed Directorate Changes

Minds + Machines Group Limited (LSE:MMX), the publicly quoted owner and operator of Internet top-level domains, is pleased to announce the following proposed changes to the Board:

· the appointment of Guy Elliott, an existing non-executive director, as Chairman;

· the appointment of Michael Salazar, an existing executive director, as Chief Operating Officer;

· the appointment of Henry Turcan, a director of Henderson Volantis Capital, the Company's 22% shareholder, as a non-executive director subject to the completion of the standard regulatory checks in compliance with AIM Rules;

· the stepping down of non-executive directors Keith Teare, Elliot Noss and David Weill; and

· the stepping down of executive director, Caspar von Veltheim.

All Board changes will become effective at the first Board meeting post completion of the requisite regulatory approvals at which point a further announcement will be made.

Separately, the Board is pleased to announce the following appointments to its executive management team with immediate effect:

· Toby Hall, Chief Marketing Officer; and

· Caspar von Veltheim, Director of European Operations, focused on developing continental European opportunities.

In addition, David Weill will support the Company's expansion into the Chinese market.

Keith Teare, retiring non-executive Chairman, commented:

"During 2015 Minds + Machines has successfully transitioned itself into a commercially focused registry business that has taken the necessary strategic decisions to allow it to deliver significant growth in the coming year. I am confident that the Company now has the appropriate executive and management structures in place to execute on that strategy."

Antony Van Couvering, CEO of Minds + Machines, commented:

"We would like to thank the retiring Board members for their excellent counsel, particularly during 2015, where the focus has been on reducing operational costs whilst driving sales and revenue to ensure profitability in our underlying operations in 2016. We now look forward to demonstrating the intrinsic value of our portfolio of TLDs in this fast developing marketplace. We believe the appointments announced today will allow us to further deliver on that goal."

Further Information:

Minds + Machines Group Limited

Antony Van Couvering Tel: +1 310 452-1491

N+1 Singer (Nomad and Broker)

Shaun Dobson / Liz Yong Tel: +44 (0)20 7496 3000

MMX investor relations

Toby Hall Tel: +44 (0)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 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