Holding(s) in Company

19 October 2010

MINOAN GROUP PLC

("Minoan" or "the Company")

Significant Shareholding

Minoan Group Plc was notified on 18 October 2010 that Henderson Global Investors Ltd is now the beneficial holder of 3,637,780 ordinary shares of 1 pence each ("Ordinary Shares") in the Company, which represents 4.84% of the total 75,227,447 Ordinary Shares currently in issue.

For further information visit www.minoangroup.comor contact:

Minoan Group Plc

Christopher Egleton [email protected]

Bill Cole 01689 897397

Seymour Pierce Limited 020 7107 8000

Nicola Marrin/David Forman (Corporate Finance)

Jeremy Stephenson (Corporate Broking)

Rivington Street Corporate Finance Limited 07956 671131

Jon Levinson

Bishopsgate Communications Limited 020 7562 3350

Nick Rome/Michael Kinirons