Private Auction Update

For immediate release

11 April 2014

Minds + Machines Group Limited

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

Private Auction Update

The Directors of Minds + Machines Group Limited (AIM: MMX) are pleased to announce that on 22 April 2014 the Company will be participating in a minimum of three top-level domain ("TLD") private auctions. The auctions are being held in agreement with all contending parties for each TLD and will be conducted by Applicant Auction, Inc.

TLDs the Company will definitely be bidding for in this round are .garden, .property, and .yoga. The Company expects the format and rules for each of these TLD auctions to broadly follow earlier private auctions administered by Applicant Auction in which the Company has participated with an ascending-floor format applying. In line with the private auction format, the winning bid for a TLD will be divided evenly, net of the auctioneer's commission, amongst the losing bidders for a given TLD.

Fred Krueger, Executive Chairman of Minds + Machines Group, said:

"We continue to view private auctions as the most efficient and cost-effective method for deciding who should be awarded a TLD with multiple applicants. We are likewise pleased to see an increasing number of applicants wishing to participate in the private auction process."

The Company anticipates the private auction round to last up to five days. The Company will update the market on the results of this auction round after all relevant private auction and ICANN procedures have been satisfied.

 Further Information:

Minds + Machines Group Limited

North America

Antony Van Couvering Tel: +1 310 452-1491

Beaumont Cornish Limited (Nomad) Tel: +44 (0)20 7628 3396

Roland Cornish / Michael Cornish

N+1 Singer (Broker)

Matt Thomas/Shaun Dobson Tel: +44 (0)20 7496 3000

gth media relations

Toby Hall/Suzanne Johnson Walsh Tel: +44(0)20 7822 7493/92

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

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 top-level domain 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 Company 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 provider, Minds + Machines LLC, which works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to secure and operate new top-level domains (TLDs). In addition, the Group wholly owns Minds + Machines Registrar Limited (Ireland) and Minds and Machines Registrar UK Limited, both being registrar businesses through which the public can buy addresses in new and existing top-level domains. Further information on Minds + Machines' registry and registrar operations can be found at www.mm-registry.com and www.mindsandmachines.com respectively. 

ENDS