Top Level Domain Hldg : 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.

For further information, please contact:

Minds + Machines Group Limited
Antony Van Couvering	Tel: [phone]
N+1 Singer (Nomad and Broker)
Shaun Dobson/Liz Yong	Tel: [phone]
MMX Investor Relations
Toby Hall	Tel: [phone]

For further information, please go to investors.mindsandmachines.com

About Minds + Machines Group Limited

Minds + Machines Group Limited is a publicly traded holding company listed on the AIM market of the London Stock Exchange focused on the new generic top-level domain (New gTLD) space. Top-level domains, such as .com and .net are regulated by ICANN. ICANN is currently expanding the number of new generic top-level domains from the current 23 to over 1000 through its 'New gTLD program'. The Group is one of the leading applicants for new gTLDs under this programme.

About Minds + Machines' Registry and Registrar operations

Minds + Machines' registry operations are provided through its wholly owned registry services providers: Minds + Machines Limited (Ireland), which works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to operate New gTLDs; and Minds and Machines Limited (UK), which partners with the official promotional organization for London, London & Partners, to operate the .london New gTLD. In addition, the Group wholly owns Minds + Machines Registrar Limited (Ireland) and Minds and Machines Registrar UK Limited, each an ICANN-accredited registrar. Further information on Minds + Machines' registry and registrar operations can be found at www.mm-registry.com and www.mindsandmachines.com respectively.