Change of Adviser

Minoan Group PLC
05 November 2007


                                Minoan Group Plc
                        ('Minoan' or the 'the Company')

                  Appointment of Nominated Adviser and Broker

The Board of Minoan Group Plc is pleased to announce that it has appointed
Seymour Pierce Limited as its Nominated Adviser and Broker with immediate
effect.

JMFinn Capital Markets Limited will remain as joint broker to the Company.



For further information visit www.minoangroup.com or contact:

Christopher Egleton                Minoan Group Plc                07808 722022
Bill Cole                          Minoan Group Plc                01689 897397
Jeremy Garrett-Cox/Nicola Marrin   Seymour Pierce Limited          020 7107 8000
Nick Rome/Nick Farmer              Bishopsgate Communications Ltd  020 7562 3350
Alan Frame                         Westport Communications Ltd     020 7404 7878




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