Dismissal of lawsuit

19 May 2016

Minds + Machines Group Limited

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

Dismissal of lawsuit

The Company is pleased to report that Fred Krueger and all other plaintiffs have dismissed their lawsuit against the Company and all other defendants, as initially reported in the Company's RNS dated 26 February 2016, without prejudice, pursuant to a tolling agreement between the parties (the "Tolling Agreement"). The Company and other defendants named in the dismissed suit have made no settlement, monetary or otherwise, and have admitted no liability, with respect to the entering into of the Tolling Agreement and dismissal of the suit.

The Tolling Agreement provides that if the plaintiffs refile their suit, that any statute of limitation defenses of the defendants will be based on the date of the filing of the dismissed suit, 23 February 2016, but will not be deemed to revive any of the plaintiffs' causes of action, claims, rights, legal positions, or defenses, at law or in equity, that were time-barred prior to 23 February 2016.

Further Information:

Minds + Machines Group Limited

Toby Hall (CEO) Tel: +44 (0)7713 341072

[email protected]

Michael Salazar (COO/CFO) Tel: +1 (424) 214-7908

[email protected]

N+1 Singer (Nomad and Broker)

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

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.

ENDS