Issue of Equity

Minoan Group PLC
22 May 2007


                                Minoan Group Plc

                                  Share Issue


Minoan Group Plc today issued 8,750 New Ordinary Shares at 75 pence per share to
satisfy the exercise of Warrants.


Following these issues, the total number of Ordinary Shares in issue is
49,332,042 of which the total Directors' beneficial holdings are 3.95%.


Application will be made for the 8,750 New Ordinary Shares to be admitted to
trading on AIM. It is expected that the admission will be effective from 29 May
2007.


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


Bill Cole            Minoan Group Plc       01689 897397

Geoff Nash           J M Finn & Co          020 7600 1658



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