RNS

For immediate release

  2 July 2015

Minds + Machines Group Limited

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

.work update

Minds + Machines Group Limited (LSE:MMX), the publicly quoted owner and operator of Internet top-level domains, is pleased to announce that registrations within .work have now passed 55,000 positioning it in the top 20 of new top-level domains launched under ICANN's new gTLD programme.

The Company is also pleased to report the sale of the Premium Name "net.work" for US$100,000 (£62,500) as a result of the Group's direct sales team activity. The price charged is for the first year usage, a significant annual renewal fee then applies.

In total, over 430 Premium Names have been sold in the .work domain to date.

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

"We are very pleased with the traction our pricing strategy is having in the market for broad generic names such as .work with low-cost incentives driving volume and high-value/lower volume premium names driving revenue. We will look to continue building on this momentum across our portfolio."

During the month of June, Minds + Machines ran a heavily discounted promotion on .work through the registrar channel.

Separately, the Company operates a direct sales programme for its significant portfolio of Premium Names. Under the programme, Minds + Machines' portfolio of Premium Names is segmented into eight tiers with Minds +Machines' direct sales teams focused on selling those names of higher value.

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