10 January 2017

Minoan Group Plc

(the "Company")

Grant of Options

In order to satisfy certain existing commitments, the Company has granted Options to subscribe for 6 million Ordinary Shares of 1p each at 10p per share. The Final Subscription date for these Options is 9 July 2018.

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

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.