Company Announcements

Minds + Machines Group Limited

("MMX", the "Company")

Settlement Agreement

Minds + Machines Group Limited (AIM:MMX), the top-level domain registry company, announces that it has entered into a settlement agreement (the "Settlement Agreement") with the vendors of ICM Registry, LLC ("ICM"), including Mr Stuart Lawley, the former majority shareholder of ICM (together the "Settlement Parties") pursuant to recent alleged warranty claims, under the acquisition agreement entered into between the Company and ICM on 3 May 2018 (the "Acquisition Agreement").

Under the terms of the Settlement Agreement the Company has agreed to pay the Settlement Parties in aggregate US$1.0 million in full and final settlement of all claims brought by the Settlement Parties (the "Settlement") relating to the acquisition of ICM by the Company under the Acquisition Agreement.

Whilst the Directors believe that the alleged claims of the Settlement Parties are without merit, they believe the swift Settlement is in the best interests of the Company and allows it to focus on restoring shareholder value without the distraction of potentially expensive and time consuming litigation.

The Settlement Agreement will allow for a more positive relationship between the parties, including in particular Mr. Lawley, for the benefit of all MMX shareholders.

For further information:

About MMX

Minds + Machines Group Limited (LSE: MMX) is the owner of a world class portfolio of ICANN approved top-level domains (gTLDs). The Company generates revenues through the registration and annual renewal of names by organisations and individuals within each of its top-level domains, sales being processed through the Group's network of global registrar and distribution partners.

For more information on MMX please visit www.mmx.co.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.