Minoan Group - Re: MIN Stream Log - Preliminary Results Announcement Minoan Group...

Preliminary Results Announcement Minoan Group Plc (or "the Group") announces its preliminary results for the year ended 31 October 2013 HIGHLIGHTS · Excellent progress made throughout the year in developing the Group into a successful international travel and leisure business · Strong performance from the Travel and Leisure ("T&L") division - total transaction value up 37% to £51.2 million and operating profit for the continuing travel business up 47% to over £600,000 · The Group has bought in the 20% stake in the T&L division and arranged a £5m loan facility to accelerate the division's acquisitions and growth · T&L performance since the year end continues to improve with an increasing gross margin and gross profit up by 15% in the period to March 2014 · Crete Project granted Fast Track status, Strategic Environmental Assessment submitted and, in advance of the final decision, the Sitia Municipality has voted in favour of the Project · The realisation of the value of the Project, through joint ventures and partnerships is now a key objective of the directors · With the Project's main value crystallisation event expected shortly, and the T&L division's accelerating growth, the Group is well positioned to deliver significant further enhancement of shareholder value