2 February 2017

Minds + Machines Group Limited

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

Grant of Options and PDMR Notification

Minds + Machines Group Limited (AIM:MMX), the top-level domain registry company, announces that on 1 February 2017, awards of options over ordinary shares of the Company ("Ordinary Shares") were made to certain directors of the Company ("Directors") and certain senior managers of the Company ("Senior Managers").

Details of the options granted are as follows:

*performance conditions apply

The options granted to the Directors ("Director Options") are structured as nil-cost options and, subject to the achievement of vesting conditions, will vest on the publication of the accounts of the Company for the year ended 31 December 2019.

The Director Options will vest on a straight line basis, based on total shareholder return from a base price of 9.375p per share up to full vesting at 18.75p per share.  This condition will be measured against the volume weighted average price of the Company's Ordinary Shares over the 20 trading days prior to the vesting date ("VWAP").

As an example, were VWAP to be 9.375p at the time of the publication of the accounts for the year ended 31 December 2019, then none of the Director Options will vest whereas in order for the Director Options to vest in full, VWAP will need to have increased to 18.75p per Ordinary Share or more. As with the 2016 option award, the Director Options include provisions for early vesting of options in the event of a change of control.

The options granted to the Senior Managers ("Senior Manager Options") are exercisable at 9.375p and will vest on the publication of the accounts of the Company for the year ended 31 December 2019. The Senior Manager Options include provisions for early vesting of options in the event of a change of control.

Following the grant of the Directors' Options, Mr Hall and Mr Salazar's interests in the Company are as follows:

Outstanding options, as a result of the awards to the Directors and Senior Managers outlined above, now stand at 33,612,500.

PDMR Notification

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation, requiring notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

For further information:

For further information, please go to www.mmx.co

About MMX

Minds + Machines Group Limited (LSE:MMX) is the owner and operator of a world class portfolio of top-level domain assets (gTLDs). As a sales and marketing-led registry business, we are focused on commercializing our portfolio in partnership with our expanding global network of distribution partners.

The MMX portfolio is currently focused around geographic domains (e.g. .london, .boston, .miami, .bayern), professional occupations (e.g. .law, .abogado, and .dds), consumer interests (e.g. .fashion, .wedding, .vip), lifestyle (e.g. .fit, .surf, .yoga), outdoor activities (e.g..fishing, .garden, .horse) and generic names such as .work and .casa. As a business, we work through our expanding international network of registrars and distribution partners to bring the benefits of affinity based domain addresses to B2B and consumer audiences. For more information on MMX, please visit www.mmx.co